The canal’s administrator says the stoppage will give authorities time to analyze how to proceed on the project to widen the canal.
Jorge Quijano told a news conference Wednesday that “what I want to make clear is that we will not yield to blackmail.”
The Spanish-led construction consortium leading the expansion says negotiations have broken down for how to finance the cost overrun.
Spanish firm Sacyr SA says 10,000 jobs are at risk. Italy’s Impreglio SpA construction firm is also in the consortium.
The consortium and the Panama Canal Authority blame each other for the overruns.
More Nation & World Headlines
GOP candidates condemn Planned Parenthood shooting Iraqis find 3 more mass graves in formerly IS-held Sinjar ‘No more baby parts’: Reclusive suspect’s words draw focus Japan whaling fleet set to leave for Antarctic Earth wilder, warmer since last climate deal made Pennsylvania officer shot, killed during call; suspect charged Obama’s first stop in Paris is saddest of destinations Climate protests take place around the world on eve of Paris summit
Our new comment system is not supported in IE 7. Please upgrade your browser here.