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Work on Panama Canal Expansion Stops

Work on the ambitious Panama Canal expansion project has halted, after negotiations on how to settle a cost dispute collapsed.The project to widen the canal has an unforeseen additional cost of $1.6 billion beyond the initial contract. The Spanish-led construction consortium leading the expansion and the Panama Canal Authority blame each other for the overruns.The consortium says the broken down negotiations on how to finance the cost overrun are putting 10,000 jobs at risk.The canal offers...

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