A worker on a construction platform is silhouetted against the sun at the Panama Canal expansion project site during an organized tour by the Panama Canal authorities in Panama City February 21, 2014. REUTERS/Carlos Jasso
PANAMA CITY (Reuters) - The Panama Canal and a Spanish-led consortium expanding the major maritime artery have reached a preliminary deal to complete work on a project stymied in a row over $1.6 billion in cost overruns, the canal's administrator said on Thursday.
The deal foresees the consortium, which is led by Spanish builder Sacyr alongside Italy's Salini Impregilo, finishing work by December 2015.
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