Halt in expansion of Panama Canal could cause major delays - arbitrators


  • World
  • Thursday, 23 Jan 2014

A view of the construction site of the Panama Canal Expansion project on the Atlantic side on the outskirts of Colon City January 15, 2014. REUTERS/Carlos Jasso

PANAMA CITY (Reuters) - If work on the expansion of the Panama Canal is suspended, it could take up to five more years to finish, according to arbitrators helping to oversee the project that has been hit by a dispute over costs.

Since the start of 2014, the Panama Canal Authority (PCA) has been embroiled in a public row with the consortium known as Grupo Unidos Por el Canal (GUPC) over $1.6 billion in additional costs the GUPC says have arisen during work on the project.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

New Zealand rejects Cook Islands passport plan
How data shared in the cloud is aiding snow removal
Brazil bridge collapses, spilling sulfuric acid into river
Do you have a friend in AI?
Slovak PM meets Putin to discuss transit of Russian gas
Russia captures two villages in Ukraine as Moscow's forces advance on two cities
Turkish foreign minister says no room for Kurdish militants in Syria's future
Tens of thousands gather in anti-government protest in Belgrade
Tunisia dismantles drug trafficking network, arrests 4
Ukraine says Russian general deliberately targeted Reuters staff in August missile strike

Others Also Read