28 de febrero de 2014 / 2:47 / en 4 años

Panama Canal, consortium reach deal to complete work-source

PANAMA CITY, Feb 27 (Reuters) - The Panama Canal and a Spanish-led consortium expanding the waterway have reached a deal to complete work on the project, which has been stymied by a bitter stand-off over cost overruns, a source familiar with the negotiations 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.

Both the Panama Canal Authority and the consortium would each inject $100 million for immediate cash flow needs to fully resume work, the source told Reuters.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below