Panama canal overrun claim heads to Miami

A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said.

The $180 million claim by GUPC, the consortium working on the massive canal expansion project, is the first of several disputed construction costs that could end up in the hands of the Miami arbitrators.

Additional hearings for other claims may also go to arbitration should the canal authority and the construction consortium fail to reach a settlement under two other mechanisms established in the original contract, canal officials said.

Source: Reuters