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Panama signs deal to end Canal dispute

Friday, March 14, 2014

The Panama Canal Authority has signed a deal to end a major dispute over the multibillion-dollar expansion of the waterway.

The building consortium GUPC, led by Spain's Sacyt, and the insurer backing the expansion could sign the accord as early as Friday.

The deal foresees the consortium finishing work by December 2015, and the sides had been due to sign off on it last week.

Source: Reuters