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Weekly Report - 21 January 2016 (WR-16-03)

PANAMA: Doubts build as latest expansion deadline nears

President Juan Carlos Varela has put the expected date for the completion of the US$5.3bn Panama Canal expansion project at “around May 2016”. His announcement follows continued uncertainty as to whether the deadline – already pushed back from October 2014 amid a dispute in late 2013 over cost overruns with the multinational consortium Grupo Unidos por el Canal (GUPC) – would be met.

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