Proposal offered as Panama Canal dispute simmers on | Bangkok Post: news

News > World

Proposal offered as Panama Canal dispute simmers on

- +

A consortium working on expanding the Panama Canal proposed Monday that local authorities cofinance a huge budget shortfall that sparked a bitter dispute threatening the project. 

File picture shows a ship carrying four new gates for the Panama Canal heading for the port of Colon, west of Panama City, on August 20, 2013

The Grupo Unidos por el Canal (GUPC) consortium, led by Spanish builder Sacyr, had warned it would suspend work on the major waterway by Monday unless Panama paid for the $1.6 billion in cost overruns.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments