Panama Canal work to continue after deal

Panama Canal work to continue after deal

Economy & Policy Corporate & Sovereign Strategy

The Panama Canal Authority (ACP) on Friday said it had signed an agreement with the GUPC construction group that effectively resolves a dispute that was delaying the project to widen one of the world's most important shipping routes. Spain’s Sacyr leads the GUPC building consortium in charge of expanding the canal, which also includes Italy's Impregilo, Belgium's Jan de Nul and the Panamanian company CUSA. The consortium and ACP had been negotiating for weeks over who should pay for the extra co

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