After more than a year-long delay, a new set of larger locks for the Panama Canal will be complete by the end of June, the waterway's administrator said on Wednesday, after builders repaired cracks that had formed in the concrete walls.
A joint venture of Qatar-based UrbaCon Trading & Contracting has been awarded a QR1.69-billion ($466 million) contract to design and build an urban area in the Ras Bufontas area of Qatar, next to Hamad International Airport (HIA) terminal.
A consortium led by Spanish building company Sacyr has won a €415 million ($466 million) contract to design and build an urban area in Ras Bufontas area of Qatar.
The consortium, which also includes Qatar-based UCC (UrbaCon T
Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said it risks losing $574 million in guarantees and advance payments if a spat over cost overruns at the multi-billion dollar project is not resolved.