Deadline Looms As Panama Canal, Consortium Seek End To Cost Dispute - Presented by: The Aol. On Network

The Panama Canal and a Spanish-led construction consortium expanding the major global waterway discussed options to keep the multibillion-dollar project afloat amid a dispute over costs, but any deal seemed unlikely ahead of a looming deadline. The disagreement between the two parties over $1.6 billion in cost-overruns and how to maintain financing has already halted work on the project for two weeks and has delayed its projected completion until at least December 2015.



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