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Panama Canal Authority denies late payments

Tuesday, December 22, 2015

The Panama Canal Authority said it was up-to-date with its payments to the consortium building a third set of locks for the inter-oceanic waterway, the centerpiece of a multi-billion-dollar expansion.

The consortium, led by Spanish construction company Sacyr Vallehermoso earlier accused the authority of continued payment delays and said those issues were postponing completion of the project.

Source: Efe