Halt in expansion of Panama Canal could cause major delays - arbitrators


  • World
  • Thursday, 23 Jan 2014

A view of the construction site of the Panama Canal Expansion project on the Atlantic side on the outskirts of Colon City January 15, 2014. REUTERS/Carlos Jasso

PANAMA CITY (Reuters) - If work on the expansion of the Panama Canal is suspended, it could take up to five more years to finish, according to arbitrators helping to oversee the project that has been hit by a dispute over costs.

Since the start of 2014, the Panama Canal Authority (PCA) has been embroiled in a public row with the consortium known as Grupo Unidos Por el Canal (GUPC) over $1.6 billion in additional costs the GUPC says have arisen during work on the project.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

'We're not trash' Minnesota Somalis fearful but defiant after Trump insults
Exclusive-US sets 2027 deadline for Europe-led NATO defense, officials say
Congo fighting flares within hours of Trump's peace deal ceremony
German parliament backs controversial military service law amid Russian threat
Indonesian military steps up relief efforts for flood-hit Sumatra; death toll above 860
Kremlin says Russia is encouraged by talks with US, ready to engage further
Russia says Ukrainian attack caused fire at Azov Sea port of Temryuk
Deadly cyclone dents Sri Lanka's peak tourism season
In Nigeria, anguish turns to anger for parents of kidnapped children
Video shows final, confused moments of survivors of U.S. boat strike in Caribbean, say sources

Others Also Read