On Nov. 5, the government of Nicaragua issued an environmental permit to Chinese conglomerate HKND for the construction of its proposed trans-Nicaraguan canal. The approval comes after an official review of HKND’s Environmental and Social Impact Assessment (ESIA), including public meetings with total attendance of about 3,000.
HKND was granted the exclusive right to build and operate the canal, officially known as the Nicaragua Interoceanic Grand Canal Project, in 2013, subject to the ESIA. It estimates that construction will be under way by the end of this year. Lock construction and bulk excavation will commence by the end of 2016, and it is expected that the canal will be completed toward 2021, according to a report in Maritime Executive.