THE INTEROCEANIC

CANAL OF NICARAGUA.
Dear Francisco,
I corrected some mistakes! There are some recommendations I want you to take into
consideration.
1. Make this PowerPoint Presentation more attractive ( You may change the colors
and include maps of Nicaragua showing the possible routes!
2. Don’t include a lot of information on the slides! Try to include ONLY key points!
LAW NUMBER 840
"Special Law for the
Development of
Infrastructure and
Transport on the
Nicaraguan Canal, Free
Trade Area and
Associated Infrastructure“
Law that does not obey
32 articles of the Political
Constitution.
 CONDITIONS OF THE PROJECT FOR
THE INTEROCEANIC CANAL.
• The law mentions the exclusive concession in favor to the
investor (HKND Group, represented by Chinese businessman
Wang Jing) and associates for the development and operation
of each sub-project for a period of 50 years as soon as the
commercial operations of the Nicaragua Canal take place.
• This 50-year lease is subject to extension ( renewable for another
50 years)
• Nicaragua will only have 1% of authority, but this percentage
will raise 10% every 10 years.
• The law number 800 extends all content in the law 840.
ADVANTAGES AND DISADVANTAGES
OF THE PROJECT.
Advantages Disadvantages
Nicaragua will The article 13 of this
current law declarates
receive ten million that any administrative
dollars in cash every or economic sanctions
of any Goverment
year and a better Entity would not be
and faster way of applied against the
investor (HKND) if this
transportation one does not comply
with its obligations
because of bigger specified in the law 800.
ships than Panamax
 THE CANAL IN HISTORY.
The idea of a canal using our lake and our
rivers dates back to the XIX century when
Napoleon III wrote an article about San Juan
river and its potential. This provoked interest
in many countries such as France, United
Kingdom, Germany, and the United States.
In 2004 the goverment started thinking about
a Project of Canal, but there was not any
investor and many environmentalists did not
allow it. But on June 13th 2013 the congress
accepted the construction of a canal that
will last 15 years and it will cost 40,000 million
of dollars.
 OTHER CANALS.
The Canal of Panama ( inaugurated on August 15th, 1914.
• Other examples are: the
canal of Suez, the canal of
Kiel, the canal of Greece
and Saint Lawrence Seaway.
On June 13, 2013 the National Assembly of
Nicaragua gave HKND Group, represented
by Wang Jing, who resides in Hong Kong, a
50-year concession for the rights to build a
canal.

The Chinese investor Wang Jing is the

president and largest shareholder of Beijing
Xinwei Telecom Technology Co., with a 37%
according to government records
CONCLUSION