Spain's Sacyr sees progress in talks with Panama Canal


  • World
  • Saturday, 11 Jan 2014

Visitors look at a cargo ship at the viewpoint of Pedro Miguel lock on the pacific side of the Panama Canal in Panama City January 8, 2014. REUTERS/Carlos Jasso

MEXICO CITY (Reuters) - Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said on Friday it was making progress in talks with the waterway's operator over financing to avoid a damaging work stoppage on the multi-billion dollar project.

Visiting Panama, Sacyr Chairman Manuel Manrique played down an acrimonious spat over cost overruns, in which the group demanded more money from the canal administrator to continue work on a third set of locks for the canal.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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.
   

Next In World

Saudi Arabia approves 2025 budget with deficit of 26.88 bln USD
US Air Force says drones spotted over its military bases in England
Americans having fewer children now than before: report
Albania police fire tear gas, water cannon at anti-government protesters
New U.S. drug causes 20 pct weigh loss in early results: report
After long wrangling, Blinken to testify in Congress on Afghanistan
Huawei commits to shaping Malawi's digital future by investing in youth
Intel rewarded 7.9 bln USD for U.S. chip-plant construction: WSJ
Qatar breaks ground for world's largest blue ammonia plant
New Russian missile fired at Ukraine carried warheads without explosives, sources say

Others Also Read