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A construction industry consortium led by Spain’s Sacyr said in a statement on Friday it had signed a deal late on Thursday to complete work on the multi-billion dollar project to widen the Panama Canal, settling a long-running dispute over cost overruns.
“The consortium last night signed an agreement with the Panama Canal Authority (PCA) which will enable the continuation and completion of the work,” the statement said, adding the accord established the deadline for completion as December 2015, six months later than estimates given earlier this year.
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