"Work on amplifying the 100-year-old waterway that connects the Pacific with the Caribbean has nearly stopped as the consortium tries to resolve a month-long dispute with the Panama Canal Authority (PCA) over $1.6 billion (some 1.2 billion euros) in cost overruns to build a new set of locks. Panamanian authorities believe that extra costs are not justified and have refused to put up any more money. ... But according to the Dispute Adjudication Board (DAB) mediation panel, which was set up to help resolve such conflicts by the PCA, if the contract with the Sacyr group is broken, the work would not be completed until between 2018 and 2020, rather than 2015 as scheduled."
http://elpais.com/elpais/2014/01/26/inenglish/1390758580_784644.html
The construction company demands more money. Panama refuses. Stalemate.
So the global boom in shipping won't happen.
See: http://aftermath2022.blogspot.com/2013/10/panama-canal-expansion-fuels-shipping.html
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