GUPC Claims to Suspend Work on Panama Canal Expansion
The consortium commissioned to complete the highly-publicized Panama Canal expansion project, Grupo Unidos por el Canal (GUPC), said on Feb. 6 it ceased work on the third set of locks. The Panama Canal Authority and the GUPC, which includes Spanish…
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building company Sacyr, Salini-Impregilo of Italy, Jan De Nul of Belgium and Constructora Urbana and SA of Panama, are continuing to battle over a cost overrun dispute. ACP said on Feb. 5 that work has been mostly suspended (see 14020601). “Pending an agreement, [work] on the Third Set of Locks Project for the Panama Canal extension have been suspended expressly due to the refusal of ACP to extend a Negotiation Protocol aimed at reaching a solution to permit the continuation and completion of the works,” said GUPC in an emailed statement. Without funding for the project, "GUPC issued an initial notice of suspension on December 30, 2013 and chose voluntarily to defer the suspension of the works as a sign of good faith in an effort to facilitate negotiations.” ACP did not respond for comment.