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HomeNewsAgreement reached over construction of new Panama Canal

Agreement reached over construction of new Panama Canal

The deal foresees the consortium, which is led by Spanish builder Sacyr alongside Italy’s Salini Impregilo, finishing work by December 2015.

Limited work on the project resumed last Thursday after a two-week stoppage. The dispute has fanned fears of delays that could cost the Panama Canal Authority millions of dollars in lost shipping tolls.

Hold-ups in the massive project posed a setback for companies worldwide that want to move larger ships through the waterway

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