Workers are seen at the construction site of the Panama Canal Expansion project on the outskirts of Colon City January 7, 2014. REUTERS/Carlos Jasso
PANAMA CITY (Reuters) - Italian builder Salini Impregilo on Wednesday proposed a deal to keep work going on expanding the Panama Canal despite huge cost overruns, but would cost the canal authority much more than an earlier proposal.
The latest proposal showed signs of a schism in the Spanish-led consortium that has been expanding the canal. Observers said it could represent an attempt by the Italian company to wrest control of the group from Spanish construction company Sacyr.
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