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Panama Canal, Consortium Make New Proposals To Rescue Expansion

The companies working to widen the Panama Canal and the waterway's administrator each made new proposals Friday, aimed at reviving the multibillion dollar project, after talks broke down this week amid a cost spat and work ground to a halt.Grupo Unidos Por El Canal said it was pushing for a settlement with the Panama Canal Authority to resume the work, which would double the capacity of the century-old waterway.

© DailyMotion -

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