No Work Shutdown on Canal, But Cost Pact Is Still Elusive

No Work Shutdown on Canal, But Cost Pact Is Still Elusive

The January 20 stop-work deadline contractors set on the $5.2-billion Panama Canal Third Lane Expansion passed without incident, but the dispute over a reported $1.6 billion in cost overruns appears no closer to resolution. Even as work proceeded and the Panama Canal Authority continued negotiations...

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Bibliographische Detailangaben
Veröffentlicht in:ENR 2014-01, Vol.272 (3), p.16
1. Verfasser: Schexnayder, CJ
Format: Artikel
Sprache:eng
Schlagworte:
Canals
Contractors
Labor negotiations
Strikes
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Beschreibung
Zusammenfassung:The January 20 stop-work deadline contractors set on the $5.2-billion Panama Canal Third Lane Expansion passed without incident, but the dispute over a reported $1.6 billion in cost overruns appears no closer to resolution. Even as work proceeded and the Panama Canal Authority continued negotiations with Grupo Unidos Por el Canal (GUPC), owner officials began exploring options to complete the project without them. GUPC said in a statement that it would "extend the notice given to a possible suspension of work" with a new deadline set, an ACP spokesman confirmed on January 21.
ISSN:0891-9526