"Sacyr consortium asks for $400 million to continue Panama Canal project
The consortium led by Spanish builder Sacyr that has been contracted to widen the Panama Canal has asked the administrator of the waterway for an advance of 400 million dollars (293 million euros) in order to be able to continue work on the project, while the two sides try to resolve a dispute over cost overruns that the group estimates at 1.6 billion dollars (some 1.2 billion euros).
The consortium agreed to put forward 100 million dollars, in addition to the 183 million dollars pledged by the Panama Canal Authority (PCA), to ensure that work continues."
elpais.com/elpais/2014/01/08/inenglish/1389189087_876446.html
The consortium led by Spanish builder Sacyr that has been contracted to widen the Panama Canal has asked the administrator of the waterway for an advance of 400 million dollars (293 million euros) in order to be able to continue work on the project, while the two sides try to resolve a dispute over cost overruns that the group estimates at 1.6 billion dollars (some 1.2 billion euros).
The consortium agreed to put forward 100 million dollars, in addition to the 183 million dollars pledged by the Panama Canal Authority (PCA), to ensure that work continues."
elpais.com/elpais/2014/01/08/inenglish/1389189087_876446.html