Nicaragua Canal
The development of the Nicaragua Canal was the first project for HKND. The cost of the project is estimated to be US$40bn. or US$50bn. The Nicaraguan government approved the ''Master Concession Agreement'' with HKND on June 13, 2013 thereby granting the company "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." The agreement lasts for 50 years and is renewable for another 50 years. HKND would have paid the Government of Nicaragua US$10m annually. After ten years, Nicaragua would have received shares of HKND at intervals. The ''Master Concession Agreement'' has been criticized by some who argue that Nicaragua sold its sovereignty to a foreign-owned private company for a century. Further, the agreement was negotiated without transparency and national consensus. "All judicial, labour, fiscal and financial rights and sovereignty of the country (have been conceded) to Wang". While the reserves of the Nicaraguan National Bank serve as collateral on part of Nicaragua, HKND has no such potential liability. Further, there are concerns about environmental impact, and that legal rights of indigenous populations are being violated. Work was to start officially on December 22, 2014 and was scheduled to be completed by 2020, though construction never began. Following financial difficulties, HKND finally closed its offices in April 2018, leaving no forwarding address or telephone numbers to be reached.Ex-Billionaire Abandons Office in Prime Hong Kong TowerChief officers
Wang Jing is the chairman and chief executive officer of HKND. He managed and invested in various businesses, including infrastructure, mining, aviation and telecommunication. Other chief officers include Bill Wild as the chief project advisor, KK Lee as the deputy general manager, and Ronald MacLean-Abaroa, the former mayor ofPartners
HKND teamed with other companies for the canal project. A major partner was the state-owned China Railway Construction Corporation (CRCC),{{cite web, url=http://www.scmp.com/news/china-insider/article/1342513/high-powered-nicaraguan-canal-delegation-quietly-visits-mainland, author= Paul Boehler, title=High-powered Nicaraguan canal delegation quietly visits mainland China , publisher=References