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13/02/2014at 15:02

Panama Canal needs USD 400 million cash injection

The Panama Canal dispute can only be solved if insurance company Zurich America injects USD 400 million into the project, says Panama Canal authority administrator Jorge Quijano at a meeting of the country's congress on Wednesday.
BY TOMAS KRISTIANSEN

The escalating conflict between the Panama Canal and the Spanish-led building consortium responsible for the expansion was debated intensely yesterday, Wednesday, at a congressional hearing in the Panama parliament.

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