Consortium resumes work on Panama Canal expansion


  • World
  • Friday, 21 Feb 2014

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/MADRID (Reuters) - A Spanish-led consortium resumed expansion work on the Panama Canal on Thursday, raising hopes the two sides will finally draw a line under an acrimonious stand-off over massive cost overruns.

As workers returned to the construction site after a stoppage lasting more than two weeks, a 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.

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