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Tribunal orders Panama canal construction group to pay back $848 million


  • World
  • Thursday, 13 Dec 2018

PANAMA CITY (Reuters) - The Panama Canal Authority said on Wednesday that an arbitration tribunal has ordered the construction consortium behind the waterway's expansion to pay back nearly $848 million (672.43 million pounds) to the canal authority.

The ruling from the Miami-based tribunal, part of the International Chamber of Commerce, stems from a protracted dispute between the authority and a group of builders led by Spain's Sacyr and Italy's Salini Impregilo.

   

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