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Friday, 21 February 2014 | MYT 7:15 AM

Consortium resumes Panama Canal expansion work-source

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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