Panama authorities propose Canal row solution
Wednesday, January 8, 2014
The Panama Canal Authority said it wants to end a standoff over the expansion of the canal by splitting construction costs with Grupo Unidos por el Canal, GUPC, the consortium working on the project.
The authority said it would pay $183 million and GUPC would put in $100 million to continue work for at least two more months while a long-term solution is negotiated.
The Spanish-led consortium would have to withdraw its threat to halt work on the canal by January 20.
Source: Washington Post