Wednesday, June 1, 2016

CHECKING THE NUMBERS



Quijano said that no deal had been reached at Tuesday’s assembly but that “Zurich is right now checking the numbers” proposed via the consortium.

No in addition talks had been planned for Wednesday, but Quijano said that the 2 aspects could live in touch, with some other meeting viable on Jan. 27 or sooner.

The PCA said this week that it had grew to become down a proposal through the european fee to mediate in the multibillion-dollar dispute. The complete challenge became due to price about $5.25 billion, but the overruns should bump that to almost $7 billion.

The canal authority said last week that it'd take over a key a part of the waterway’s enlargement if the consortium in price of the assignment makes correct on its hazard to suspend paintings.

The consortium, which additionally includes Italy’s Salini Impregilo , Belgium’s Jan De Nul and Panama’s Constructora Urbana, won the settlement in 2009 to build a 3rd set of locks, the primary part of the challenge to double capability of the close to 50-mile (eighty km) transoceanic cargo path.

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