Media CoverageReturn>>

Prensa Latina: Further Studies in the Nicaragua Canal Route Confirmed 2015-10-26 14:01

Managua, Oct 23 (Prensa Latina) The Executive Vice President of HKND Group, Pang Kwok Wai, stated that once the Environmental and Social Impact Assessment (ESIA) of the interoceanic canal project through Nicaragua is approved, further investigations will be carried out on the route.

During the feasibility study, we conducted topographic, geological, hydrological and archaeological surveys and collected a large volume of data to study seismic, water levels, saline intrusion, etc., so that we could come up with a conceptual design, he recalled in statements to Prensa Latina.

Upon approval of the ESIA and when the canal route is more stable, we shall carry out more in-depth studies on topography, geology, hydrology and archaeology to come up with the final reference design for the construction, assured the executive of the company, concessionaire of the project.

As he stated, this reference design will likely have slight differences to the conceptual design, and the seismic, water levels and saline intrusion effects for the canal will have to be verified before submitting the design to the government for obtaining the construction permits.

This is a standard international practice for major projects, indicated the executive.

At present, the international consulting firm of geology and resources GSA Global, based in Australia, is conducting an aerial survey along the canal route and the coast line of Lake Nicaragua.

According to HKND, for future studies, among which, the seismic, topographic, geophysical, saline intrusion and the water balance studies, the aerial survey will support specific identification of terrain characteristics, elevation levels, etc.

A few days ago, Nicaraguan President Daniel Ortega said that the environmental study must provide assurance that “this great project brings immense benefits for the entire country and for the population living along the route”.

The project development depends on the completion of the environmental studies; these studies are well advanced but other studies are being conducted to complete them, and until then the major work on the route can be started, he stated.

During the event on the occasion of the 36th anniversary of the Ministry of Interior, he also reiterated the idea that this Central American country needs a project of the dimension of the interoceanic canal to obtain resources that allow the country taking a leap forward for the benefit of the poorest people and all families in the country.

The waterway will link the Atlantic and Pacific oceans through a route of 276 kilometers long, 105 of which will cross the Cocibolca or Lake Nicaragua, HKND refers.

From an economic point of view, experts predict that the project, with a total cost of 50 billion dollars, will double the Gross Domestic Product of this nation and generate about 250,000 jobs, both directly and indirectly.

The benefits of the project, which include also the construction of an airport, several roads, a free trade zone, tourist resorts and two ports, would also be felt in the Latin American region.


Original link: