El Canal de Panama en la encrucijada

The Panama Canal is entering a crucial week as negotiations intensify between the canal's administration and the consortium responsible for its expansion. Despite Spanish government mediation, positions remain distant. The conflict began on December 30 when the construction company threatened to halt work due to a cash flow crisis. The Spanish-led consortium demands $1.6 billion for unforeseen overcosts, citing unexpected issues and geological errors. The expansion project, which includes a third set of locks, costs $5.2 billion and was supposed to finish this year, marking the canal's centenary. However, it is nine months behind schedule and won't be completed until mid-2015.

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