Canal Expansion: ACP Cites Violation of ContractThe Consortium announced that for now it will not suspend the works, but the ACP is warning that the pace of construction has dropped by 70%.Monday, January 20, 2014
The consortium Grupo Unidos por el Canal, led by the Spanish Sacyr announced it will postpone the work stoppage until the Panama Canal Authority (ACP) agrees to assume cost overruns, but in the view of the ACP there is violation of the contract because the low levels of production have no justification. Source: CentralAmericaData.COM ¿Busca soluciones de inteligencia comercial para su empresa?Canal Expansion: Agreement to Finish Work ConfirmedFebruary 2014 The agreement between the Panama Canal Authority and the consortium GUPC has been framed within the conditions of the original contract and rules out paying for cost overruns which are outside of the contract. Canal Expansion: The Return of DisagreementsFebruary 2014 The Canal Authority has reported that the preliminary agreements reached days ago have failed to materialize.
Canal Expansion: Construction Company Confirms StoppageFebruary 2014 Grupo Unidos por el Canal has announced the suspension of works, with suppliers and workers appearing as the first victims. Canal Expansion: Date of Stoppage ConfirmedJanuary 2014 The construction consortium has reaffirmed its ultimatum to stop the works if there is no agreement with the Panama Canal Authority.
×
ok |
|