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Spanish officials visit Panama for Canal row talks

Monday, January 6, 2014


A Spanish government team will meet officials in Panama on Monday to try and end a cost dispute between a Spanish-led consortium expanding the Panama Canal and the waterway's operator that threatens to stall the huge infrastructure project.

Spain's public works minister, Ana Pastor, begins a day full of meetings by holding discussions with officials for the building consortium fronted by Spanish construction firm Sacyr known as Grupo Unidos por el Canal, GUPC.

Pastor is also due to meet Panama's President Ricardo Martinelli, who last week accused the GUPC of "great irresponsibility" when it threatened to suspend work on January 20 if the canal operator did not pay for big cost overruns.

Source: Reuters