Welcome, sign in or click here to subscribe.
Login: Password:




Subscriber content preview

February 6, 2014

$1.6B overrun dispute halts canal expansion

  • A Spanish-led construction consortium won the contract in 2009, bidding $3.1 billion for its portion of the job, $1 billion less than Bechtel's bid.
    Associated Press

    PANAMA CITY — Work on the ambitious Panama Canal expansion project was halted Wednesday after talks broke down on how to settle a dispute over $1.6 billion in cost overruns.

    Panama Canal Authority Administrator Jorge Quijano told a news conference the stoppage will give authorities time to analyze how to proceed on the project to widen the canal.

    . . .

    To read this story in full login or purchase a subscription.

    Search Stories
     Sort by:
    Advanced options