Share on StockTwits

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. Quijano spoke 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.

“Panama Canal Chief Reports Progress In Dispute” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.