PANAMA CITY/MADRID (Reuters) - A bitter dispute between the Panama Canal and a Spanish-led consortium of construction companies over the spiralling cost of expanding one of the world's busiest waterways was years in the making.
The two sides are at odds over who should pay for $1.6 billion in cost overruns to build a third set of locks for the canal, the main part of the expansion of the 50-mile (80 km) cargo route that connects the Atlantic and Pacific oceans.
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