VOICED : Canal de Panama: rompen negociaciones por

The Spanish builder Sassir and the Panama Canal Authority have broken off negotiations over cost overruns in the canal's expansion project. The construction of a third lock, initially set for completion in 2015, is delayed due to this dispute. The consortium leading the project demands a 50% increase in the budget, citing unforeseen geological issues. They have threatened to halt work unless an additional $1.6 billion is paid. The consortium warns of potential legal battles if a resolution isn't reached. The canal's expansion is vital for global trade, allowing larger ships to pass through, effectively doubling the current container capacity.

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