VOICED : Canal de Panama: rompen negociaciones por

The Spanish construction company Sassir and the Panama Canal Authority have failed to reach an agreement over cost overruns in the canal expansion project. The construction of a third lock, initially set for completion in 2015, is delayed due to financial disputes. The consortium, led by Sassir, demands a 50% increase in the initial budget due to unforeseen geological issues. They threatened to halt work unless an additional $1.6 billion is paid. The group warned of potential years of legal disputes if a resolution is not found. The canal expansion is crucial for international trade, allowing larger ships to pass through, doubling the current capacity.

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