Proposals to revive Panama Canal project

PANAMA CITY: The companies working to widen the Panama Canal and the waterway’s administrator on Friday each made new proposals aimed at reviving the multi-billion dollar project, after talks broke down last week amid a cost spat and work ground to a halt

Grupo Unidos Por El Canal (GUPC), led by Spanish builder Sacyr, said it was pushing for a settlement with the Panama Canal Authority (PCA) to resume the work, which would double the capacity of the century-old waterway.