HK Nicaragua Canal Development Investment is owned or controlled by the Chinese businessman Wang Jing.
[5] In 2014 it was announced that an IPO is being prepared to provide financing for the project[6] but following financial difficulties, HKND finally closed its offices in April 2018.
[9] 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.
[12] Following financial difficulties, HKND finally closed its offices in April 2018, leaving no forwarding address or telephone numbers to be reached.
[4] As of 2014 other partners include McKinsey & Co to conduct an economic feasibility study, Environmental Resources Management Ltd. to study environmental and social impact of the project, Studiebureau voor Bouwkunde en Expertises (SBE), a Belgium-based civil engineering firm for canal hydraulics, and MEC Mining, an Australia-based engineering consultant company.