This Domain is for Sale. To make an offer please get contact.
Make an Offer
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result
No Result
View All Result
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result

China Slowdown Not Holding Back Nicaragua Canal, Contractor Says

marinesalvage by marinesalvage
December 21, 2023
in News
0
China Slowdown Not Holding Back Nicaragua Canal, Contractor Says
China Slowdown Not Holding Back Nicaragua Canal, Contractor Says

China Slowdown Not Holding Back Nicaragua Canal, Contractor Says

By Michael McDonald

(Bloomberg) — Hong-Kong based mostly HKND Group, contracted to construct a $50 billion canal throughout Nicaragua, expects to start out building on a gas terminal and a ship wharf as quickly as August on the Pacific coast after a 12 months of delays.

The works shall be a part of a port facility for importing equipment wanted for “major works” comparable to dredging, HKND Group Vice President KW Pang stated in an e-mailed response to questions, with out specifying when digging would start. Financing for the 170-mile (274-kilometer) lengthy canal may come from debt and fairness gross sales and a possible IPO, he stated.

“Many businessmen from Latin America, China and Europe have come to talk with us,” Pang stated. “The project’s financing does not depend on the state of the stock market in China. It is an international project. Funding will come from many countries and many investment sectors.”

The viability of the venture, which might be 300 miles from the century-old Panama Canal, has been questioned by transport consultants and engineers since Nicaraguan President Daniel Ortega first introduced the plans and the nation’s legislature awarded the contract with out accepting competing bids. The firm estimates that some 27,000 folks must be re-located and stated they are going to provide “fair market value” for properties.

Anti-canal activists on Tuesday gathered 20,000 signatures in a bid to repeal the regulation that green-lighted the venture and can current their petition to Nicaragua’s congress. A survey by Cid Gallup and printed in newspaper Confidencial in January confirmed that 34 p.c of respondents thought-about the canal to be “pure propaganda,” whereas a separate research printed by the federal government stated that 81 p.c of Nicaraguans help the canal.

“There will always be some people who have concerns,” Pang stated. “We are, however, convinced that the canal represents a large step towards progress, economic growth and social welfare for Nicaragua and the region.”

© 2016 Bloomberg L.P

Source of This New

Tags: hkndnicaragua canal
Previous Post

WATCH: U.S. Navy Attack Sub Emerges from Ice within the Arctic Circle

Next Post

Meet the CIO: Erika Graziuso, Crowley

Related Posts

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

July 13, 2024
capesize bulk carrier terminal iron ore dry bulk
News

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter
News

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV
News

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites
News

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
odfjell
News

Odfjell Announces Layoffs, Reduction of European Officers

July 12, 2024
Next Post
Meet the CIO: Erika Graziuso, Crowley

Meet the CIO: Erika Graziuso, Crowley

Quick Search

No Result
View All Result

Recent Posts

  • Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located July 13, 2024
  • Capesize Rates at Six-Year Lows, Could Slide Further July 13, 2024
  • Cold Morning on the Chesapeake July 13, 2024
  • Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV July 13, 2024
  • Eco Marine Power and Nakashima Propeller Cooperate on Composites July 12, 2024

Categories

  • Informative
  • Law & Regulations
  • News
  • Technology
  • Tug&Barge&Salvage
Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

by marinesalvage
July 13, 2024
0

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located By Fathiya Dahrul and Rieka Rahadiana (Bloomberg) — Divers...

Read more
capesize bulk carrier terminal iron ore dry bulk

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
Maritime and Salvage Wolrd News - Latest Ship Technologies

© 2023 - Marine-Salvage.net

Navigate Site

  • Home Page
  • Privacy Policy
  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage

© 2023 - Marine-Salvage.net

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}