Billion Dollar Bitch Slap? Panama Canal Authority Will Announce A Final Decision Today

Tuesday, February 18 2014 @ 01:03 PM EST

Contributed by: Don Winner

The Panama Canal Authority (ACP) should make a final decision today on the contractual conflict it has with the consortium Grupo Unidos por el Canal (GUPC), which has stalled work to expand the waterway.

Earlier, the administrator of the ACP, Jorge Luis Quijano, said communications with the GUPC never broke down, and during a long teleconference they managed to reach some agreements, and he said there was a significant amount of progress being made.

Editor's Comment: Let's see what they come up with. Considering that one of the lawyers representing the GUPC slapped president Ricardo Martinelli in the face at a private wedding on Saturday night - things are not looking so good for them right now. There are not many "billion dollar bitch-slaps" in the world, but that might have been one of them...

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