Panama

Panama

16 Dec 2014
The installation of new gates at a Panama Canal expansion site will bring the project to 84 percent of completion ahead of an estimated early 2016 opening date, the canal authority says.
Worker on Panama Canal expansion. Photo courtesy Panama Canal Authority.
02 Jan 2014
The Panama Canal Authority has a contingency plan to fall back on if it cannot resolve its dispute on cost overruns with the engineering consortium that is building its new locks.
02 Jan 2014
The Panama Canal Authority said Thursday it will not bow to pressure by the lead contractor in the engineering consortium that is building its new locks to recover an estimated $1.6 billion in cost overruns that are not covered by the terms of its contract.