Greek Navy Extends Naval Drills to Deter Russian Oil
By Alex Longley (Bloomberg) Greece’s navy has (once again) extended a series of naval drills by two months as the country tries to deter Russian oil transfers on its coastline. The...
The consortium leading the construction project – led by Italy’s Salini Impregilo and Spain’s Sacyr – expects to finish repairing the cracks by mid-January, but it has not given a new date for completing the work, the Panama Canal Authority said.
RELATED: Close-Up Look at the Panama Canal Crack
The consortium is trying “to minimize the impact on the final handover, planned for April next year,” the canal authority said in a statement.
The Panama Canal’s current expansion plan was originally set at $5.25 billion but the costs rose and the administrator became locked in a dispute with building consortium Grupo Unidos Por el Canal (GUPC), which built the third set of locks.
An administrator for the canal warned in September that delays would be likely after the cracks were first detected in August. (Reporting by Elida Moreno; Writing by Enrique Pretel; Editing by Eric Walsh)
(c) Copyright Thomson Reuters 2015.
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