Deadline looms in Panama canal expansion row | Bangkok Post: news

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Deadline looms in Panama canal expansion row

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No end was in sight Sunday to a financial row over cost overruns on Panama's canal expansion that could threaten the megaproject key to world trade. 

A bird is seen at the Panama Canal's Gatun locks in Colon 110 km northwest of Panama City, on January 17, 2014

The Grupo Unidos por el Canal consortium, led by Spanish builder Sacyr, has threatened to suspend the expansion work by January 20 unless Panama pays for $1.6 billion in "unforeseen" costs.

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