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dipsydoodle

(42,239 posts)
Wed Feb 5, 2014, 01:03 PM Feb 2014

Panama Canal expansion work halted

Source: BBC News


Work has been halted on the expansion of the Panama Canal, one of the world's busiest shipping routes.

The stoppage follows a breakdown in talks between the Panama Canal Authority (APC) and the Spanish-led consortium behind the project.

The two sides are engaged in a dispute over who should foot the bill for cost overruns totalling $1.6bn (£1bn).

The consortium says 10,000 jobs are at risk but the Canal's authorities say they will not "yield to blackmail".

Read more: http://www.bbc.co.uk/news/world-latin-america-26053032

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