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Panama Canal settles dispute with Spanish entrepreneur

Following a protracted period of uncertainty the Panama Canal Authority has finally reached an agreement with the Spanish-led entrepreneur consortium about conditions for resuming work on the canal expansion, according to several media in Panama.

Photo: Maersk Line

The Panama Canal Authority, La Autoridad del Canal de Panamá (ACP) reached an agreement late on Thursday with the Spanish-led entrepreneur consortium, GUPC, about the conditions for resuming work on the canal expansion, according to several news media in Panama, including PanamaAmerica.

According ACP administrator Jorge Quijano (photo), the conditions for the continuing work remain within the framework of the contract originally agreed upon by the parties.

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