Crack Could Delay Panama Canal Expansion, Spokesman Says
PANAMA CITY (Reuters) – The enlargement of the Panama canal may face a brand new delay as a consequence of cracks that emerged a couple of months in the past in one of many locks, a spokesman for the waterway’s authority stated on Thursday.
The consortium main the development venture – led by Italy’s Salini Impregilo and Spain’s Sacyr – expects to complete repairing the cracks by mid-January, nevertheless it has not given a brand new date for finishing the work, the Panama Canal Authority stated.
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The consortium is making an attempt “to minimize the impact on the final handover, planned for April next year,” the canal authority stated in an announcement.
The Panama Canal’s present enlargement plan was initially set at $5.25 billion however the prices rose and the administrator grew to become locked in a dispute with constructing consortium Grupo Unidos Por el Canal (GUPC), which constructed the third set of locks.
An administrator for the canal warned in September that delays can be seemingly after the cracks have been first detected in August. (Reporting by Elida Moreno; Writing by Enrique Pretel; Editing by Eric Walsh)
(c) Copyright Thomson Reuters 2015.
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