• Costa Rica Coffee Guide
  • Costa Rica Real Estate

Work to resume Thursday on widening of Panama Canal

April 24, 2014

PANAMA CITY – Work to widen the Panama Canal will resume on Thursday, an official said, two weeks after the huge project was suspended over $1.6 billion in cost overruns.

Canal administrator Jorge Quijano told AFP that the consortium involved, Grupo Unidos por el Canal (GUPC), will “resume tomorrow morning as we develop an interim agreement.”

Work to expand the canal was suspended earlier this month by the GUPC consortium made up of construction companies Sacyr of Spain, Italy’s Salini-Impreglio, Belgium’s Jan de Nul and Constructora Urbana of Panama.

The dispute is over $1.6 billion in cost overruns in the project, the main part of which is to equip the canal with a third set of locks.

GUPC wants Panama to add that sum to the initial contract fee of $3.2 billion.

The century-old waterway handles five percent of global seaborne trade.

GUPC claims unforeseen geological difficulties have forced them to spend much more on cement than expected. They say that they based their estimates on data provided by the Canal Authority that were incorrect.

The canal expansion is one of the world’s most ambitious civil engineering projects and was due to be completed this year in time for the 100th anniversary of the fabled canal.

The original canal, built by the United States, mostly with workers brought in from the Caribbean, was opened in 1914.

Following the delay, the deadline for completing the work is now December 2015.

You may be interested

Costa Rica reaches 1,000 total coronavirus cases; 65% recovered
Costa Rica
20007 views
Costa Rica
20007 views

Costa Rica reaches 1,000 total coronavirus cases; 65% recovered

Alejandro Zúñiga - May 28, 2020

Costa Rica confirmed 16 new cases of the coronavirus over the past day, totaling 1,000 cumulative known cases, the Health…

Costa Rica cancels its biggest year-end parade due to pandemic
Costa Rica
4943 views
Costa Rica
4943 views

Costa Rica cancels its biggest year-end parade due to pandemic

AFP and The Tico Times - May 28, 2020

Costa Rica will not celebrate its traditional Festival de la Luz, a parade of colorful floats that tours the capital…

Tico Talk: 10 Costa Rican Spanish expressions for expats and tourists
Arts & Culture
13976 views
Arts & Culture
13976 views

Tico Talk: 10 Costa Rican Spanish expressions for expats and tourists

Christopher Howard - May 28, 2020

You can’t call yourself fluent in Costa Rican Spanish unless you understand its slang. Over the past months, we have…