HKND Group Signs Agreement with FUNDAR
- Business & Finance
HKND Group has entered into an agreement with Friends of the San Juan River Foundation (FUNDAR), a Nicaraguan environmental NGO, for the development of the first Biodiversity Management Plans for the Nicaragua Grand Canal Project.
HKND will, in strict accordance with the recommendations made in the Environmental and Social Impact Assessment (ESIA) undertaken by the British company Environmental Resources Management (ERM), develop a complete set of environmental management plans for the Canal route, among which, the Biodiversity Management Plans are crucial elements.
The Biodiversity Management Plans will be focusing on providing biodiversity protection procedures and measures for the terrestrial and riverine ecosystems to be impacted by the construction and operation of the Nicaragua Grand Canal, as well as the freshwater and terrestrial ecosystems in Brito area in Rivas, so as to ensure that the project will have a Net Positive Impact on forests and the wildlife along the Canal route.
FUNDAR has extensive experience in environmental management throughout Nicaragua, including flora and fauna inventories, protected area management, and environmental impact evaluation. During the development of the ESIA, FUNDAR served as the national counterpart to ERM mobilizing over 80 Nicaraguan specialists from relevant fields to work for the program.