{"id":15428,"date":"2016-01-05T14:39:04","date_gmt":"2016-01-05T19:39:04","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=15428"},"modified":"2016-01-05T14:39:04","modified_gmt":"2016-01-05T19:39:04","slug":"gupc-panama-canal-authority-trade-shots-over-possible-construction-delays","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/gupc-panama-canal-authority-trade-shots-over-possible-construction-delays\/","title":{"rendered":"GUPC, Panama Canal Authority Trade Shots Over Possible Construction Delays"},"content":{"rendered":"

\"canalexpansion\"<\/a><\/p>\n

Panama Canal<\/strong> expansion contractor GUPC<\/strong> has shifted blame for potential delays in the new waterway’s opening onto the Panama Canal Authority <\/strong>(ACP),\u00a0Spanish<\/strong> news service EFE report<\/a>s<\/a>.<\/p>\n

Giuseppe Quarta<\/strong>, chief executive of GUPC, said that it could deliver the project as planned for April 2016, however this was “impossible” at ACP’s current “bureaucratic and payment rhythm.”<\/p>\n

Quarta suggested that if ACP did not accelerate its pace, the project could be delayed by up to six months<\/strong>.<\/p>\n

He further cited an “excessive and inexplicable delay” in ACP procedures and payments in relation to the project.<\/p>\n

\n
\n
\u201c<\/div>\n
\n

Quarta suggested that if ACP did not accelerate its pace, the project could be delayed by up to six months<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n

The latest potential delay in the opening of the widened canal have, so far, been mainly attributed to cracks that developed in the new Cocoli Locks<\/a>.<\/p>\n

Earlier this month a statement by GUPC also said that “ACP continues to delay any payment awarded under the contract”, and calling on ACP to “prioritise the solution of the administrative and financial issues.”<\/p>\n

GUPC said that only if those issues are addressed will it remain possible to have April 2016 as a feasible completion date.<\/p>\n

ACP for its part, told<\/a> IHS Fairplay\u00a0that it is making payments “in accordance to the contract requirements, paying when GUPC proves the field progress, quality, and documentation that support such funds disbursements.”<\/p>\n

“The ACP typically pays GUPC before it is contractually obligated \u2013 typically 30 days, far sooner than the 56 allowed,” the group said.<\/p>\n

In October, Ship & Bunker reported that Panama Canal authorities were considering legal action following the discovery of construction deficiencies<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Panama Canal expansion contractor GUPC has shifted blame for potential delays in the new waterway’s opening onto the<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15428","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"\nGUPC, Panama Canal Authority Trade Shots Over Possible Construction Delays - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/gupc-panama-canal-authority-trade-shots-over-possible-construction-delays\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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