Negotiators Continue Work to Resolve Panama Canal Expansion Deadlock, Says ACP
Negotiations are continuing on Feb. 19 between the Panama Canal Authority (ACP) and the contractor commissioned to complete the canal expansion project, Grupo Unidos por el Canal, S.A. (GUPC), but work on the third set of locks remains suspended, said…
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ACP in a Feb. 18 statement. “Although last week the parties seem to have come to an agreement on certain components during the talks, there were serious disagreements at the time of putting it in writing,” said the statement. “The ACP insisted that work on the new locks resumes immediately through its proposal that each party contribute $100 million, while a definite agreement is reached.”