Paolo Maria Agostini

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The Panama Canal expansion and its impact on world trade

Panama Canal

A plan to unlock prosperity

Ten years ago this month Panama took possession of the canal that bears its name. It has high hopes for a $5.25 billion expansion of the …

A Singapore for Central America?

Latin America’s fastest-growing country has set its sights high. First it needs a government as impressive as its economy<p>ON A humid stretch of …

After six years and billions of dollars, the Panama Canal expansion may grind to a halt

Seven years ago, the Panamanian people voted overwhelmingly to widen the Panama Canal to allow more traffic, and money, to pass through their country. But now, there's a snag that may halt the project.<p>The expansion is nearly three-quarters complete, but it’s costing too much. And the builders are …

Your money or your locks

THE $5.25 billion expansion of the Panama Canal is one of the world’s great infrastructure projects, aimed at enabling giant mega-tankers to pass …

Panama Canal expansion project: Have American fears come true?

<b>More than four years ago, when Panama awarded the lucrative contract to expand its inter-oceanic canal to a mostly European consortium, the United States was not pleased.</b><p>An American company whose bid was unsuccessful, Bechtel, thought the winning tender would barely pay for pouring the concrete and …

Infrastructure: hey big spender

Some countries spend too much on infrastructure. Japan is one. For the past 20 years it has tried to spend its way out of recession by building yet …

Keeping things afloat

WHEN Sacyr, a Spanish construction firm, won a 2009 tender to undertake the bulk of the $5.25 billion expansion of the Panama Canal, its …

Panama Needs to Clean Up Its Act

With the world’s second-largest free-trade zone, Latin America’s fourth-busiest airport, four container-vessel seaports, the Pan-American Highway and …

View from the bridge

IF TRADE routes are the global economy’s circulatory system, the port of Long Beach is one of the valves. Last year the port processed 6m containers, …

Panama Canal dispute throws $5.2bn expansion project into disarray

Giant ships could have to wait longer before they can ply their way through the Panama Canal after talks between the canal’s authority and the …

Panama Canal: breakthrough or breakdown?

Print this page<p>Stop press: the two sides wrangling over who should foot the bill for $1.6bn cost overruns in the building of new locks as part of the …

Panama Canal: cement overcoat

It’s bad enough paying $3bn for concrete. Having the bill jump by half after two-thirds of the stuff is poured really stings.<p>Admittedly, the concrete …

Exclusive Interview With Owner: Panama Canal Project Won't Be Held Hostage By Contractor Shutdown

<i>For the past six weeks the Panama Canal Authority (ACP) has been negotiating a reported $1.6 billion in cost overruns with the contractor building</i> …

Panama Canal contractors given ultimatum

The Panama Canal Authority (ACP) has given the Spanish-led consortium building new locks to expand the century-old waterway a matter of days to …

Panama Canal Expansion Suspended Over Cost-Overrun Dispute

A Spanish-led consortium charged with a multibillion-dollar expansion of the Panama Canal lock system has halted work after a disagreement over massive cost overruns in the project.<p>The BBC says the consortium, known as Grupo Unido por el Canal (GUPC), announced that work had been stopped because …

Hope for Panama Canal resolution as talks resume

Talks to resolve the dispute that has held up a $5.2bn project to open the Panama Canal to supersized ships are back on.<p>The Spanish-led consortium …