'Internal differences' foil Panama Canal expansion project
Machinery sits idle on Thursday, Feb. 20, 2014, at the construction site of the Panama Canal expansion project in Gatun, Panama.
Photo by AP
PANAMA CITY — A European-led consortium said on Thursday that work has resumed on a major expansion of the Panama Canal after a two-week shutdown caused by a dispute over who is to pay for $1.6 billion in cost overruns.
The consortium led by Spain's Sacyr said it is following startup procedures that will allow full-scale work to resume “as soon as possible.”
There was little visible activity along the canal, and President Ricardo Martinelli told local media that “there appears to be some internal differences between the various contractors,” which include companies from various countries.
Jorge Luis Quijano, administrator of the Panama Canal, said work would resume on Thursday on the $5.25 billion expansion project that will allow extra-large tankers and container ships to use the canal and cut travel time between Asia and the eastern United States.
However, the central issue in the dispute still must be worked out.
The consortium blames poor planning for the cost overruns. Panama says the company is responsible for any unforeseen costs.
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments â either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.