Traducción - español - inglés en Panamá
Expansion of Panama Canal could be delayed
Original Headline:
Ampliación del canal de Panamá podría retrasarse
The head of the administrative agency for the interocean passageway said that there could be delays "for months" and that the contract stipulates penalties up to US $54 million for missed deadlines and a bonus of US $50 million for completion ahead of schedule.
A consortium of companies is involved in the project led by Spain's Sacyr and Italy's Impregilo and Belgium's Juan de Nul and Panama's Constructora Urbana.
The multimillion dollar expansion of the Panama Canal could be delayed beyond its 2014 deadline, the head of the administrative agency for the interocean passageway said.
Alberto Alemán told Reuters that there had been some delays in the expansion project, scheduled to be functioning a century after the canal’s original inauguration.
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