Work to expand the Panama Canal so bigger ships can fit through the 100-year-old waterway has virtually ground to a halt, and the consortium in charge of the construction effort said the project is now on the “brink of failure” after talks broke down between the contractors and Panama’s government over who is going to pay for $1.6 billion in cost overruns.
The storied canal, built by American engineers, is among the world’s most vital shipping routes, acting as a shortcut between the Pacific and Atlantic oceans…
Continued here: Panama Canal Work Mostly Halts
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