Panama Canal administrator Jorge Quijano speaks during a news conference at the Panama Canal administration building in Panama City February 5, 2014. REUTERS/Carlos Jasso
MADRID/PANAMA CITY (Reuters) - A planned expansion of the Panama Canal, one of the world's most important shipping routes, was in doubt on Wednesday after talks between the canal administrator and a Spanish-led building consortium fell apart and work ground to a halt.
Group United for the Canal, a consortium led by Spanish builder Sacyr, said in a statement that the government's canal authority had broken off talks on who will pay some $1.6 billion needed to complete the ambitious project.
