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Panama Canal

Work resumes to expand Panama Canal

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.

Work to resume Thursday on widening of Panama Canal

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.

A canal across Nicaragua: Is this for real?

MANAGUA, Nicaragua – It would be an engineering feat of gargantuan proportions – a $40 billion Chinese-built canal across Nicaragua to boost the flow of ships between the Caribbean and the Pacific.

Panama reports some progress in canal dispute

"Our patience has limits and we really feel this has to end in a week at the most," administrator Jorge Quijano said.

New proposal made to break Panama Canal expansion deadlock

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.

Deadline to resolve Panama Canal expansion receives extension to Feb. 1

Work on expanding the Panama Canal will continue through at least next week after the construction consortium officially extended the deadline until Feb. 1 to resolve a dispute over $1.6 billion in cost overruns. The deadline had been set for this past Monday.

Minister insists that Panama Canal expansion will be completed in 2015

Work to enlarge the Panama Canal will be completed in 2015 no matter what, Panamanian Finance Minister Frank De Lima said Wednesday, despite the continuing feud over cost overruns with contractor GUPC.

Proposal offered as Panama Canal dispute simmers on

A consortium working on expanding the Panama Canal proposed Monday that local authorities co-finance a huge budget gap that sparked a bitter dispute threatening the project.

Panama Canal expansion slowed by $1.6 billion financial dispute

PANAMA CITY -- Work on expanding the Panama Canal went ahead at a reduced pace Monday despite the builder's threat to shut down the project over huge cost overruns, officials said.

Panama Canal expansion to proceed no matter what, says official

Work to expand the Panama Canal will proceed despite a financial dispute that could derail the project, an official managing the major waterway said Saturday ahead of a key deadline.

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