VOICED : Resucita ampliacion de Canal de Panama

The Panama Canal construction has resumed after a financial dispute halted progress. The Grupo Unidos por el Canal consortium decided to restart the expansion work, which had been on hold since February 5 due to liquidity issues. The crisis began in December when the consortium demanded $1.6 billion for cost overruns, 50% more than the original contract for the third set of locks. The Canal Authority rejected this demand, leading to arbitration where the consortium seeks $400 million to continue. The expansion will allow ships carrying over 12,000 containers, tripling current capacity. The canal is crucial for 5% of global trade.

What is the current status of the construction work on the Panama Canal?

• It has been canceled.

• It has resumed.

• It is still on hold.

• It has been completed.

Why did the consortium Grupo Unidos por el Canal halt the expansion work in February?

• Due to a lack of materials.

• Due to liquidity issues.

• Due to a lack of workers.

• Due to weather conditions.

How much money did the consortium initially demand from the Canal Authority for cost overruns?

• $1.6 billion

• $1 billion

• $2 billion

• $400 million

What is the purpose of the arbitration between the consortium and the Canal Authority?

• To cancel the project.

• To seek $400 million to continue the work.

• To reduce the cost of the project.

• To change the project timeline.

What percentage of global trade passes through the Panama Canal?

• 10%

• 3%

• 7%

• 5%