End of preview - This article contains approximately 863 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Latin American Economy & Business - February 2014 (ISSN 1741-7430)
Panama: size matters
Since December last year, attention has been focusing on a potentially very expensive falling out between the Panama Canal Authority (APC) and one of its main contractors in the ambitious project to widen the 100 year-old waterway: Grupo Unidos por el Canal (GUPC), the civil engineering consortium led by Sacyr Vallehermoso of Spain and including Impregilo of Italy, Jan de Nul of Belgium and Constructora Urbana (CUSA) of Panama. At first glance, the quarrel has been over who should pick up the bill for an estimated US$1.6bn worth of cost overruns on the US$3.2bn canal locks contract. But the implications go much wider than that.
- IMF Warns of Emerging Markets Volatility
- Region: Brake, accelerate, or crash the gears?
- Region: Itaú Unibanco launches its regional banking play
- Panama: size matters
- CHILE: How to manage expectations in Bachelet’s second term
- BRAZIL: World Cup 2014: are the worries justified?
- BRAZIL: The spectre of recession?
- MEXICO: Pepsi not put off by soft drinks tax
- PUERTO RICO: Old problems, new investors…
- BARBADOS: A tough position, but not an impossible one
- Pacific Alliance vs. Mercosur debate continues