GUPC Says Panama Canal Expansion At Least One Year Delayed - Trying To Catch Up
Tuesday, August 14 2012 @ 09:21 AM EDT
Contributed by: Don Winner
Editor's Comment: Did you catch that? The Project Director for GUPC just said they are at least one year behind schedule, but now they are trying to catch up, and they hope to be just six months late. So the facts that I've been reporting for more than a year have once again been validated. The GUPC filed their request for an additional $573 million dollars (that's more than half a BILLION in case no one noticed) and they blame the delays on strikes by workers. And the rain. They say the Panamanian government was too slow to deliver permits. They say the concrete they wanted to use was not accepted by the government. All of these things are the reasons why they want to be paid an additional $573 million dollars. And of course - there's the conflict of interest issue. The Administrator of the Panama Canal Alberto Aleman Zubieta was formerly involved in the Panamanian construction company CUSA, which is a major player in the GUPC consortium. Do you think they will be getting their money? Of course they will. Do you think they will be penalized for mismanaging this project? Of course not. Hey, it's just money. Raise the tolls, what the hell...