Panama Canal project under threat from energy crisis
Panama's energy crisis is threatening to delay work on expansion of the Canal.
Wednesday, May 21, 2008
the two leading producers of hydroelectricity have threatened to suspend pd production unless the government takes measures that help to raise the water levels in dams.
Over $5 billion in total investment, 12.6 million cubic meters of earth removed, 2,600 workers and the world's largest dredger.
The construction consortium has rejected the proposed solutions one by one, as they know that being replaced would be more expensive for the ACP than to acquiesce to its demands.
Despite the economic crisis, the Panama Canal Expansion Program is being executed according to the planned time lines and budgets.
Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.
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