On Air Now

Listen

Listen Live Now » 98.5 FM Battle Creek, Michigan

Weather

Current Conditions(Battle Creek,MI 49017)

More Weather »
47° Feels Like: 44°
Wind: SE 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Cloudy 41°

Tomorrow

Mostly Cloudy/Wind 62°

Fri Night

Rain Late 44°

Alerts

Panama Canal sets one week deadline to clinch deal

PANAMA CITY (Reuters) - The Panama Canal has set a target of no more than a week to reach a deal to jumpstart work on a multi-billion dollar expansion of the waterway amid a cost row, its administrator said on Wednesday.

Panama Canal Authority head Jorge Quijano, who said earlier on Wednesday the sides were close to a deal, warned that failure to reach an agreement would leave no alternative but to complete the project without a consortium led by Spain's Sacyr .

"I think we have no more than a week, and that is the target we have set," Quijano said. "If we go beyond that, then we will have no alternative."

(Reporting by Lomi Kriel; Editing by Simon Gardner)

Comments