Tag Archives: Panama Canal Authority

Standoff over $1.6B overrun threatens schedule for Panama Canal expansion

January 3, 2014

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PANAMA CITY, Panama (AP) — In news that should draw concern from executives at the Port of Gulfport and other ports on the Gulf and east coast, the consortium at the heart of a historic Panama Canal expansion project is threatening to suspend work due to financial problems caused by a $1.6 billion cost overrun. […]

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