Panama Canal expects to sign deal with consortium Thursday

Reuters News
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Posted: Feb 28, 2014 10:54 AM

Panama CITY (Reuters) - The Panama Canal Authority expects to formally sign a deal on Thursday with a Spanish-led consortium to finish work on expansion of the waterway after a dispute over cost overruns held up completion, an official said on Friday.

"We expect that by Thursday we should be signing said document," Panama Canal Administrator Jorge Quijano told reporters a day after announcing a deal with the consortium, that is led by Spanish builder Sacyr and Italy's Salini Impregilo.

(Reporting by Lomi Kriel)