Panama Canal halt threat put off until next monthJanuary 23, 2014 @ 4:40 pm
PANAMA CITY (AP) - The Spanish-led construction consortium leading the expansion of the Panama Canal has formally extended its deadline for a work stoppage until Feb. 1 while it negotiates a $1.6 billion cost overrun with the canal administrator.
The group known as United for the Canal said Thursday that it will continue negotiating until at least the start of February in an attempt to resolve the fight over who should pay for the cost overruns. The consortium and the Panama Canal Authority each blames the other for the overruns and wants it to assume the costs of continuing the expansion.
The construction group led by Sacyr of Spain had set a Monday deadline for resolving the crisis and avoiding a halt in the work, but it has continued negotiating under international pressure.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Beating the Blitz
How Wilson to Willson helped beat the Cardinals' blitz
The Show Will Go On
Dave Ross hopes that seeing "The Interview" won't become a litmus test for patriotism
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.