new strike threat for panama canal expansion project
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

New strike threat for Panama Canal expansion project

Arab Today, arab today

Arab Today, arab today New strike threat for Panama Canal expansion project

A merchant ship sails along the Panama Canal
Panama City - AFP

Work on an ambitious expansion of the Panama Canal risks grinding to a halt again because of a labor dispute, the waterway's manager said Monday.

"The expansion is moving ahead at a good pace, (but) we are worried because a project that is so important for our country could be held hostage," Jorge Quijano, the head of the Panama Canal Authority, told a press conference.

The latest strike threat comes from Panama's main union, Suntracs, which has vowed to shut down work on the project to triple the canal's capacity if wage increases are not agreed for the 6,000 workers on the project by Wednesday.

The raises would cost $6 million to $7 million, said Quijano.

He said the consortium carrying out the project, GUPC, had asked the Canal Authority to help foot the bill.

But "this is strictly GUPC's responsibility," he said.

"GUPC can't try to pass its responsibilities off on us yet again."

Originally scheduled for completion last year, the canal project is now only expected to be ready in April 2016.

The project has overrun its initial $5.25-billion budget, leading to disputes between GUPC and the Canal Authority that, together with previous strikes by disgruntled workers, put the upgrade badly behind schedule.

GUPC comprises Spain's Sacyr, Italy's Salini Impregilio, Belgium's Jan de Nul and Panama's Constructora Urbana.

The Panama Canal handles five percent of global shipping, but needs to upgrade its century-old infrastructure in the face of rival bids for market share from Egypt's Suez Canal and a new Nicaraguan canal being planned by a Chinese company.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new strike threat for panama canal expansion project new strike threat for panama canal expansion project

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new strike threat for panama canal expansion project new strike threat for panama canal expansion project

 



GMT 13:42 2015 Saturday ,04 April

Libyan warplane targets camp in Gharyan town

GMT 15:14 2017 Wednesday ,01 March

UN documents nearly 1,500 child soldiers in Yemen

GMT 07:24 2017 Sunday ,01 October

Mexico unlikely to find more quake survivors

GMT 16:15 2015 Wednesday ,11 November

German intelligence 'spied' on Fabius, FBI, UN bodies

GMT 01:32 2017 Saturday ,15 April

Russia's Putin earns about 157,000 USD in 2016

GMT 16:30 2017 Saturday ,15 July

Minister of planning gives priority

GMT 19:45 2017 Wednesday ,05 April

President of Senegal Meets Attorney General

GMT 05:18 2017 Thursday ,21 September

Over 80 missing after migrant boat sinks off Libya

GMT 19:22 2017 Saturday ,01 April

UN: Number of Syrian Refugees Tops 5 million

GMT 15:16 2016 Thursday ,29 September

FBI to put up database on police use of deadly force

GMT 05:06 2016 Friday ,30 September

Indian markets open flat
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday