Tag: Jorge Quijano

• Saturday, January 3rd 2015 - 06:07 UTC

  Panama Canal planning major transshipment port on the Pacific entrance

  

  The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly.

• Thursday, February 6th 2014 - 01:00 UTC

  Panama Canal expansion halted; Spanish consortia says a 'final offer' has been made

  

  A dispute over a 1.6 billion dollar cost overrun in the Panama Canal's expansion took a new twist Wednesday after a Spanish company leading the project denied it halted work over the spat.

• Thursday, January 9th 2014 - 06:54 UTC

  Panama Canal expansion discussions stall; Italian company demands an extra 1bn

  

  The Panama Canal Authority, or ACP, said on Wednesday it would be “impossible” to meet the demands of Italian builder Impregilo, which has called on the government agency to make an additional payment of up to 1 billion dollars to cover cost overruns affecting a project to expand the international waterway.