Panama Canal deal signed, minus one partner
Terms agreed to complete expansion14 March, 10:31
Swiss partners in the project are expected to sign later Friday. Work was halted last month because of a dispute over cost overruns totalling $1.6 billion.
However, suppliers have reportedly been paid, freeing the way for work to resume.
Italian company Salini-Impregilo makes up 38% of the consortium working on the $5.25-billion expansion project.
The Spanish-led consortium, known as the as Grupo Unidos Por el Canal (GUPC), and the Panama Canal Authority had been locked in a dispute over the cost overruns for weeks until reaching the deal late last month.
Some 10,000 jobs were reportedly affected by the dispute.