The Hong Kong Nicaragua Canal Development Group (HKND), which holds a 50-year concession to build the US$50bn Nicaragua Canal, has appointed consultantcy firm BMT Group to undertake a series of marine and port assessments.
BMT Asia Pacific and BMT ARGOSS, subsidiaries of BMT Group, will look into the “business case” for the canal’s Pacific and Caribbean ocean ports, in an attempt to help HKND identify “the port’s potential competitive positioning”.
So far construction of the 278 km long canal has been hit by delays with Nicaraguan authorities moving the start-date of work to at least early 2016 due to environmental concerns.
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