Published January 08, 2015
Panama Canal Administrator Jorge Quijano says the agency has reached tentative agreement on some issues in efforts to resolve a dispute that has halted work on a major expansion plan.
But Quijano also says the Authority might take over the project if no final agreement with the contractors is reached this week. He spoke Wednesday during a chamber of commerce meeting.
The contractors say work has gone $1.6 billion over budget and they have demanded the authority pay.
The dispute has threatened to delay the biggest expansion of the canal since it opened a century ago.
https://www.foxnews.com/world/panama-canal-chief-reports-agreements-in-principle-to-solve-some-parts-of-expansion-dispute