Nicaragua Canal Construction Set for December

Finally, after year and a half of waiting, date for the beginning of construction work on the Nicaragua Grand Canal project has been revealed.

Work on the $50 billion worth Canal that will link the Atlantic and the Pacific is set to begin on December 22nd after feasibility studies have been approved.

We are ready to begin,” said Zhu Xiaoya, the Hong Kong Nicaragua Development (HKND) representative.

We are going to follow strictly the construction plan for the canal,” Xiaoya said yesterday at a news conference in Managua, Nicaragua. “We are fully prepared to develop our work, controlling the impact on society and the environment.”

According to the HKND, the future canal would pass through Lake Nicaragua, Central America’s largest lake, and will be between 230 meters and 520 meters wide and 27.6 meters deep, HKND has said.

On the 13th of June 2013, the Nicaraguan parliament gave its approval for the government to sign the Master Concession Agreement with the HKND Group.

The agreement formally granted the sole rights to the HKND Group to plan, design, construct and thereafter to operate and manage the Nicaragua Grand Canal and other related projects, including ports, a free trade zone, an international airport and other infrastructure development projects.

In addition, there will be construction of a power station, cement factory, steel factory and other related facilities to ensure the successful completion of the canal within 5 years.

Dredging Today Staff

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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