Panama - President in canal row
Print Edition
Panama’s president warned on Thursday he would visit Europe to force a consortium to drop a threat to suspend expansion work on the Panama Canal, as a row over a US$1.6 billion cost overrun escalated. A Spanish-led construction group has threatened to halt the project within three weeks if the Panama Canal Authority fails to pay the extra costs. But President Ricardo Martinelli said he expected the consortium to finish the work “without any setbacks, because these cost overruns are irresponsible.”
“I will go to Spain and Italy to demand these governments take moral responsibility for what happened,” Martinelli vowed.
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