{"id":29973,"date":"2020-09-28T09:37:44","date_gmt":"2020-09-28T14:37:44","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=29973"},"modified":"2020-09-29T10:39:42","modified_gmt":"2020-09-29T15:39:42","slug":"builder-group-told-repay-240-million-panama-canal-dispute","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/builder-group-told-repay-240-million-panama-canal-dispute\/","title":{"rendered":"Builder Group Told to Repay $240 Million in Panama Canal Dispute"},"content":{"rendered":"

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Click on the pic above to watch video.<\/p>\n

The International Chamber of Commerce has ordered a construction group to repay $240 million to the Panama Canal Authority, in the latest development related to disputes over extension works for the canal.<\/p>\n

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Sacyr SA<\/a>, the Spanish builder that controls 42% of the group, will be able to honor the ruling without compromising its financial solvency or any impact to ongoing projects, the company said in an emailed statement late Friday. The\u00a0consortium<\/a>, known as GUPC, was the contractor selected for the biggest project in the canal extension program.<\/p>\n

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Sacyr respects, but doesn\u2019t agree with the ICC decision, it said.<\/p>\n

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