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 11:28 2017 Saturday ,15 April

President Al-Bashir's visit to Kuwait and Bahrain

GMT 07:51 2017 Sunday ,26 November

HRH Crown Prince condoles with Egyptian President

GMT 14:35 2018 Friday ,12 October

Bahrain's media history documentation hailed

GMT 11:45 2017 Friday ,29 December

10 bodies found in mass grave in Myanmar

GMT 08:44 2016 Monday ,19 December

Hopeless Afghan struggle to save boy sex slaves

GMT 15:15 2013 Friday ,05 July

I breathe freedom in Jordan

GMT 12:55 2016 Sunday ,18 December

Kerry in likely last visit with Saudi king

GMT 05:49 2017 Wednesday ,24 May

Indian police make arrests after mobs lynch 8

GMT 12:12 2017 Sunday ,19 February

More South Sudanese officials quit unity gov't

GMT 09:25 2017 Wednesday ,09 August

Ghada Abdel Raziq prefers exciting drama

GMT 15:03 2017 Saturday ,14 October

HM King congratulates French President
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