Friday, April 18, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Panama seeks international help in canal fight

By
From page B11 | January 03, 2014 | 1 Comment

PANAMA CITY — Panama’s president said Thursday that he’ll travel to Italy and Spain to seek their governments’ help in resolving a $1.6 billion dispute that’s threatening to halt the Panama Canal’s expansion.

The consortium responsible for most of the expansion issued an ultimatum Wednesday giving the Panama Canal Authority 21 days to pay for a cost overrun that’s roughly half of Grupo Unidos por el Canal’s original $3.2 billion bid to build a third set of locks. The consortium is formed by Spain’s Sacyr Vallehermoso, Impregilo of Italy, Jan De Nul of Belgium and Constructora Urbana SA of Panama. The canal authority says the companies are responsible for the extra costs.

President Ricardo Martinelli said that Italy and Spain “have a moral responsibility” to help resolve the dispute between the companies and Panama.

“It’s not possible for a company to just announce an enormous amount of cost overruns, when they had already fixed a price,” Martinelli said. “And now they’re coming forward saying that the price has risen.”

The Panama Canal Authority says the business consortium is unjustly trying to force it to pay for the cost overruns with the threat to halt work. Each side says the other is responsible for the added costs.

Alberto Aleman Zubieta, a former administrator of the canal, said he believed the dispute would be resolved in a way that wouldn’t delay the completion of the canal expansion.

“I believe there’s still a lot left to discuss,” he told a local television station.

Grupo Unidos por el Canal won the contract to design and build a third set of locks with a $3.2 billion bid in 2009.

Panama has estimated the full expansion program will cost $5.2 billion, with the new, wider locks allowing the 50-mile (80-kilometer) canal to handle ships far larger than those that can now navigate the century-old waterway.

Officials have most recently said the work should be finished by June 2015. Officials say the overall expansion work is 72 percent finished, with the locks themselves at 65 percent.

Sacyr’s shares on the Madrid stock exchange plunged in value by some 15 percent when trading began Thursday. The stock price recovered by mid-afternoon but was still down 8 percent at 3.5 euros.

Calls to Sacyr’s headquarters in Madrid went unanswered but Sacyr spokesman Pedro Alonso, speaking on Spain’s Cadena SER radio, defended the company’s record in Panama.

“The truth is it’s a job being carried out to maximum technical and quality standards that is going to last a 100 years and everything that has been done has been necessary, nothing has been done on a whim,” he said.

Wikileaks cables from the U.S. Embassy said a confidential analysis by the American firm Bechtel, which lost the bid for the canal project , had claimed that Sacyr’s winning tender was unrealistic and would barely pay for the concrete, leading Spanish newspaper El Pais reported Thursday.

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | 1 comment

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

  • The MisterJanuary 03, 2014 - 7:58 am

    Let's send Jimmah Carter down there. He did such a good job with the Panama Canal before. Heck, maybe some of his "Habitat" builders could finish the work there.

    Reply | Report abusive comment
.

Solano News

‘Same Time, Next Year’ opens in Benicia

By Amy Maginnis-Honey | From Page: B1

 
Man to stand trial in rural Vacaville killing

By Jess Sullivan | From Page: A1, 11 Comments | Gallery

‘We Got Next’ Comedy Tour stops at Dimitri’s

By Amy Maginnis-Honey | From Page: B1

 
Puppies to take part in Vallejo dog show

By Adrienne Harris | From Page: A1 | Gallery

 
Afisivalu announces run for Fairfield council

By Ryan McCarthy | From Page: A3, 1 Comment | Gallery

 
Tonnesen seeks Fairfield City Council seat

By Ryan McCarthy | From Page: A3 | Gallery

Family matriarch celebrates 100th birthday

By Ian Thompson | From Page: A3, 1 Comment | Gallery

 
Barbecue brings big crowd, progress to Parkway Gardens

By Ryan McCarthy | From Page: A3, 16 Comments | Gallery

Assist-A-Grad wraps up interviews

By Barry Eberling | From Page: A4 | Gallery

 
Napa County bridge to close for work

By Barry Eberling | From Page: A4

 
Town hall on crime set in Fairfield

By Ryan McCarthy | From Page: A4, 8 Comments

 
Crash shuts I-80 offramp to Highway 12

By Barry Eberling | From Page: A5, 4 Comments | Gallery

Suisun City police log: April 16, 2014

By Susan Hiland | From Page: A12

 
Fairfield police log: April 16, 2014

By Susan Hiland | From Page: A12

Weather for April 18, 2014

By Daily Republic staff | From Page: B12

 
.

US / World

Who gained, and what, at Ukraine talks

By The Associated Press | From Page: A1

 
Ukrainian unity on display with peaceful rallies

By The Associated Press | From Page: A1

Deal reached on calming Ukraine tensions – for now

By The Associated Press | From Page: A1

 
Putin’s choice of words shed light on Ukraine

By The Associated Press | From Page: A1

Salmon released in California river restoration

By The Associated Press | From Page: A4

 
Jury convicts husband in Iraqi woman’s death

By The Associated Press | From Page: A5

1 dead, 1 injured in California boating accident

By The Associated Press | From Page: A5

 
BART fined $210,000 for worker deaths

By The Associated Press | From Page: A5, 1 Comment

Military shell prompted evacuation of hundreds

By The Associated Press | From Page: A5

 
Astronomers spot most Earth-like planet yet

By The Associated Press | From Page: A5

California health care sign-ups exceed projections

By The Associated Press | From Page: A6

 
Obama: 8 million signed up for health care

By The Associated Press | From Page: A6, 3 Comments

Dirty creek, old purse solve four-decade mystery

By The Associated Press | From Page: A7

 
Man said to be homesick for prison gets 3 1/2 years

By The Associated Press | From Page: A8

Chelsea Clinton expecting first child this fall

By The Associated Press | From Page: A8

 
Holder: Hate crimes ‘an affront to who we are’

By The Associated Press | From Page: A8, 4 Comments

Nigeria: Fate of 115 abducted girls unknown

By The Associated Press | From Page: A10

 
Spate of Mideast virus infections raises concerns

By The Associated Press | From Page: A10

Samples collected from oil slick not from plane

By The Associated Press | From Page: A10, 1 Comment

 
S. Sudan: 12 die after mob attacks UN base

By The Associated Press | From Page: A10

Peru volcano prompts evacuation of 4,000

By The Associated Press | From Page: A10

 
Tiny power plants hold promise for nuclear energy

By The Associated Press | From Page: A13

Confused, chaotic scene described on sinking ferry

By The Associated Press | From Page: A13

 
.

Opinion

Food brings back fond memories

By Bud Stevenson | From Page: A11, 1 Comment

 
Internationally out of touch

By Letter to the Editor | From Page: A11, 4 Comments

 
Watch out for grandson scam

By Letter to the Editor | From Page: A11, 15 Comments

Why so much spent to find a plane?

By Letter to the Editor | From Page: A11, 2 Comments

 
Editorial Cartoon for April 18, 2014

By Daily Republic Syndicated Content | From Page: A11

.

Living

Community Calendar: April 18, 2014

By Susan Hiland | From Page: A2

 
Today in History for April 18, 2014

By The Associated Press | From Page: A2

My husband tells our sons that they don’t need to listen to me

By Kathy Mitchell and Marcy Sugar | From Page: B13

 
Horoscopes for April 18, 2014

By Holiday Mathis | From Page: B13

.

Entertainment

 
Week in preview April 18-24, 2014

By Amy Maginnis-Honey | From Page: B1

Review: ‘Heaven Is for Real’ heartfelt but dull

By The Associated Press | From Page: B2

 
Lost radio program featuring Hank Williams found

By The Associated Press | From Page: B3

 
‘Real Housewives’ TV star faces battery charge

By The Associated Press | From Page: B3

Ill, hospitalized Miley Cyrus postpones more shows

By The Associated Press | From Page: B3

 
Garcia Marquez, Nobel laureate, dies at 87

By The Associated Press | From Page: B3

Entertainment calendar April 18, 2014

By Susan Hiland | From Page: B4

 
TVGrid

By Daily Republic Syndicated Content | From Page: B6

.

Sports

Dodgers get to Bumgarner early for win over Giants

By The Associated Press | From Page: B7 | Gallery

 
Badminton update: Rodriguez, Armijo head toward post season

By Brian Arnold | From Page: B7 | Gallery

MEL boys roll to easy win over SCAC

By Paul Farmer | From Page: B7 | Gallery

 
Short-handed SCAC girls ‘gut out’ all-star win over MEL

By Paul Farmer | From Page: B7 | Gallery

Sharks beat Kings 6-3 in Game 1

By The Associated Press | From Page: B7 | Gallery

 
Miguel Angel Jimenez set for Champions Tour debut

By The Associated Press | From Page: B8 | Gallery

Sponsorship woes put Swan Racing future in doubt

By The Associated Press | From Page: B8

 
Ex-quarterback McNabb spends day in Arizona jail

By The Associated Press | From Page: B8

 
Season wrapup: Sacramento Kings’ ‘new era’ off to slow start

By The Associated Press | From Page: B8 | Gallery

Clippers-Warriors series billed as must-see TV

By The Associated Press | From Page: B8

 
Kuchar builds on Masters momentum, shares Heritage lead

By The Associated Press | From Page: B8 | Gallery

War of words in Northwestern-athletes’ union fight

By The Associated Press | From Page: B8

 
Shumenov gets big chance in ring against ageless Hopkins

By The Associated Press | From Page: B8

Montreal team sign Chad Johnson to 2-year contract

By The Associated Press | From Page: B8

 
Seattle 1B Choi banned 50 games for positive test

By The Associated Press | From Page: B8

Dodgers’ Puig focuses on baseball despite issues

By The Associated Press | From Page: B8

 
Stanford takes lead at LPGA LOTTE tournament

By The Associated Press | From Page: B9

Boston Marathon makes room for more runners

By The Associated Press | From Page: B9

 
Vanden clinches at least share of SCAC boys tennis title

By Daily Republic staff | From Page: B10

 
.

Business

Toyota Camry gets a top-to-bottom makeover

By The Associated Press | From Page: C1

 
Hot models at this year’s New York Auto Show

By The Associated Press | From Page: C2

Judge won’t order recalled GM cars to be parked

By The Associated Press | From Page: B6

 
Cyber cops: Target hackers may take years to find

By The Associated Press | From Page: B6

Walmart jumps into the money transfer biz, loudly

By The Associated Press | From Page: B6

 
.

Obituaries

.

Comics

Blondie

By Daily Republic Syndicated Content | From Page: B12

 
For Better or Worse

By Daily Republic Syndicated Content | From Page: B12

Baby Blues

By Daily Republic Syndicated Content | From Page: B12

 
Dilbert

By Daily Republic Syndicated Content | From Page: B12

Peanuts

By Daily Republic Syndicated Content | From Page: B12

 
Zits

By Daily Republic Syndicated Content | From Page: B12

Frank and Ernest

By Daily Republic Syndicated Content | From Page: B12

 
Get Fuzzy

By Daily Republic Syndicated Content | From Page: B12

Garfield

By Daily Republic Syndicated Content | From Page: B12

 
Sally Forth

By Daily Republic Syndicated Content | From Page: B12

Baldo

By Daily Republic Syndicated Content | From Page: B12

 
Beetle Bailey

By Daily Republic Syndicated Content | From Page: B12

B.C.

By Daily Republic Syndicated Content | From Page: B12

 
Rose is Rose

By Daily Republic Syndicated Content | From Page: B12

Pickles

By Daily Republic Syndicated Content | From Page: B12

 
Wizard of Id

By Daily Republic Syndicated Content | From Page: B12

Crossword

By Daily Republic Syndicated Content | From Page: B13

 
Cryptoquote

By Daily Republic Syndicated Content | From Page: B13

Sudoku

By Daily Republic Syndicated Content | From Page: B13

 
Bridge

By Daily Republic Syndicated Content | From Page: B13

Word Sleuth

By Daily Republic Syndicated Content | From Page: B13