Panama celebrated the 100th anniversary of its famous canal Friday with a ceremony and gala, even as it scrambled to make up lost time by enlarging it to maintain its competitiveness in the 21st century.
Work to expand the Panama Canal -- interrupted earlier this year for a dispute over cost overruns -- halted Wednesday, this time for a strike by workers demanding higher wages.
PANAMA CITY – A Spanish-led consortium resumed work Thursday to expand the Panama Canal, which handles five percent of global seaborne trade, after an acrimonious two-week stalemate over $1.6 billion in cost overruns.
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.
PANAMA CITY – An international consortium at loggerheads with Panama over work to expand the Panama Canal has presented a proposal to end a dispute over a $1.6 billion cost overrun, the group said late Thursday.
