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Published: Friday February 21, 2014 MYT 7:15:02 AM
Updated: Friday February 21, 2014 MYT 7:16:03 AM

Consortium resumes Panama Canal expansion work-source

A general view of the construction site of the Panama Canal Expansion project is seen on the outskirts of Colon City January 2, 2014. REUTERS/Carlos Jasso

A general view of the construction site of the Panama Canal Expansion project is seen on the outskirts of Colon City January 2, 2014. REUTERS/Carlos Jasso

PANAMA CITY (Reuters) - A Spanish-led consortium has resumed expansion work on the Panama Canal, a source close to negotiations said on Thursday, raising hopes the sides will finally draw a line under an acrimonious stand-off over massive cost overruns.

As workers returned to the construction site after a more than two week stoppage, a separate source close to the consortium led by Spanish builder Sacyr and Italy's Salini Impregilo said it had resolved internal disagreements over the key issue of financing.

(Reporting by Lomi Kriel; Editing by Simon Gardner)

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