Panama Canal locks contractor and client agree new funding arrangement.
Dispute-hit Panama Canal expansion work resumesSubscription
Contractor agrees to restart lock work after client agrees interim payment.
Panama Canal expansion contractor downs toolsSubscription
Work on the US$5.2bn (£3.1bn) Panama canal expansion came to a halt yesterday after negotiations between the canal authority and the contractor over cost overruns broke down.
Work on the $5.2bn (£3.2bn) Panama Canal expansion continued yesterday at reduced pace despite a threat by the contractor to down tools over a massive £991M claim.
Panama Canal contractor threatens to down toolsSubscription
A massive row has erupted over $1.63bn (£991M) in cost overruns on the Panama Canal expansion project, threatening to derail the scheme’s completion.