HKND boss outlines grand plans for Nicaraguan canal

The mystery man who piqued the interest of the world with his US$40 billion plan to build a canal across Nicaragua finally met the media on Tuesday to outline his grand vision.

Wang Jing, chairman of HKND which has won a concession to design, build and manage a canal to rival Panama’s was upbeat about the project, despite its huge costs.

Earlier this month, it was reported that the company’s bet on the canal was based on the US shale revolution, which will require bigger tankers which the Panama Canal will not be able to handle.

via Business feed http://www.scmp.com/business/companies/article/1268656/hknd-boss-outlines-grand-plans-nicaraguan-canal