X Close

World

Published: Wednesday February 5, 2014 MYT 11:40:10 PM
Updated: Wednesday February 5, 2014 MYT 11:41:08 PM

Panama Canal says will finish expansion with or without consortium by 2015

PANAMA CITY (Reuters) - The Panama Canal expansion project will be completed in 2015 with or without a Spanish-led consortium disputing massive cost overruns, the major global waterway's administrator said on Wednesday, as most work at the site ground to a halt.

Panama Canal Authority head Jorge Quijano said the canal had had general talks with other companies about work still pending on the expansion, but was still open to talks with the consortium led by Spain's Sacyr.

The consortium said earlier in a statement the canal authority had broken off talks on who will foot the bill to complete the ambitious multi-billion dollar project.

(Reporting by Lomi Kriel; Editing by Simon Gardner)

advertisement

  1. Karpal Singh cremated after emotional farewell
  2. Karpal Singh’s final journey, thousands bid farewell
  3. Karpal Singh: Photo Gallery
  4. Karpal Singh: Emotional moment as thousands pay their last respects at funeral
  5. Storify: The Tiger sleeps today
  6. Karpal, my hometown hero
  7. JPJ: Driving licence for automatic cars out in June
  8. MH370 search: Next 48 hours crucial, says Hishammuddin
  9. Gobind: My father was a simple man, who enjoyed simple things
  10. CM proposes that sea front be renamed Karpal Singh Drive

advertisement

advertisement