TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

'Internal differences' foil Panama Canal expansion project

AP
Machinery sits idle on Thursday, Feb. 20, 2014, at the construction site of the Panama Canal expansion project in Gatun, Panama.

Daily Photo Galleries

By The Associated Press
Thursday, Feb. 20, 2014, 10:03 p.m.
 

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.

 

 
 


Show commenting policy

Most-Read World

  1. Scientists snatch giant opportunity
  2. Landmark Ukraine, EU deal ratified
  3. Afghan election losers target likely victor
  4. Hurricane Odile batters Mexico’s Baja California coast
  5. Poll: ‘No’ leads ‘yes’ in a close Scotland vote on independence from United Kingdom
  6. Nominees for 2 Iraqi ministries rejected
  7. Snowden could visit Swiss, help spy inquiry
  8. Scotland urged to remain in United Kingdom
  9. 2,900 African migrants killed this year on Mediterranean Sea
  10. Ukraine plan would give rebels self-rule to end fighting
  11. Convict’s wish for assisted suicide OK’d in Belgium
Subscribe today! Click here for our subscription offers.