Reasoned Optimism Over Nicaragua’s Grand Canal


News from Panama / Monday, November 11th, 2013

Another headline might read Rúyì suànpán or “wishful thinking” in Chinese!

The Nicaraguan business delegation that visited China returned with objective grounds for believing in the realization of the project by the company HKND.

An article in Elnuevodiario.com.ni summarizes the opinion of Arturo Cruz, an analyst, diplomat and scholar, and member of the Nicaraguan delegation recently returned from China, where they met the businessman Wang Jing who revealed information on the relationship between him and his company HKND with the Chinese business political system.

The main argument expressed by Cruz, when stating his optimism about the development of the Grand Canal, is that “Chinese international prestige is at stake, even though their state is not directly involved.”

“… Cruz offered as one of the strengths of HKND its connection with Chinese SOEs such as China Railways Construction Corporation, linked to the construction of high-speed trains, and the Three Gorges hydropower station, the largest in the world. ”

“… The scale of its infrastructure projects is unimaginable. China already has the equivalent – in terms of cost and capacity to mobilize resources – of various oceanic canals such as the one that is being planned in Nicaragua by the company Hong Kong Nicaragua Development Project. The Three Gorges hydropower station in the Yangtze River, the largest in the world, is one such example. ”