You are here

Spanish firm risks US$574m loss over Panama Canal spat

Work continues: Sacyr has made claims of US$1.6 billion in extra costs and said the canal extension would not be completed until June 30, 2015. - PHOTO: REUTERS

[MADRID] Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said it risks losing US$574 million in guarantees and advance payments if a spat over cost overruns at the multi-billion dollar project is not resolved.

In an eight-page document sent on Friday...

Market voices on: