The Grand Canal of Nicaragua Route Selected

The Grand Canal of Nicaragua Route Selected

The selected route for the Grand Canal of Nicaragua was announced at a conference held at the Hotel Intercontinental Managua on July 7, 2014.

Telemaco Talavera, spokesperson for the Canal Project, chaired the conference and delivered the opening speech. He said that the Grand Canal has a very important meaning for the future of Nicaragua, because the Canal will not only contribute to the generation of jobs, but will also stimulate the growth of national Gross Domestic Product (GDP), and promote the environmental, social and economic development.

HKND and ERM made presentations of the project from two aspects, the technical and the environmental & social impacts of the Project.

In the presentation made by HKND, the profound significance of the construction of the Grand Canal of Nicaragua were presented. The technical, geological, cultural and environmental factors that were considered in the selection of the route were also explained. The six subprojects were also presented: the canal, ports, free trade area, holiday resorts, the airport and highways.

The Grand Canal of Nicaragua Route SelectedHKND gave specific answers to several issues and said that the operation of the canal will not cause changes in the level of Lake Nicaragua, and that the canal deposits being excavated will be installed along canal deposits and that the volcanoes will not have an effect on the normal operation of the Canal.

In the subsequent presentation by ERM, great economic benefit for the country in terms of jobs and increased economic activity is stressed. The design plan of the route will be achieved with minimal social and environmental impacts to Nicaragua.

At the same time, HKND already has a corresponding plan and solutions to the impacts that are constantly optimized during future work. HKND is committed in working with the Government of Nicaragua and stakeholders in order to avoid, minimize and compensate for impacts on the environment and to move towards sustainable development.

The commitment is to have a net positive impact on the conservation of wildlife, increased rainforest habitat in southeastern Nicaragua, improving the living conditions of communities and self-determination of indigenous peoples.

Prior to the conference, HKND and ERM had made their respective presentations to the Commission Project Development of the Grand Canal of Nicaragua. The Commission approved unanimously the application of the selected route.

[mappress]

Press Release, July 14, 2014

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