Monday, April 20, 2026

Nicaragua withdraws interoceanic canal project concession from Chinese businessman

Q24N — In 2013, the repealed Law 840 granted the planning, construction and management of an interoceanic channel, which would compete with the Panama Canal, to the Chinese group Hong Kong Nicaragua Canal Development Investment Co. Limited (HKND Group), owned by Chinese businessman Wang Jing, for a term of 50 extendable years.

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27 March 2026 - At The Banks - Source: BCCR

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