Wednesday, January 22 2014 @ 11:34 AM EST
Contributed by: Don Winner
Martinelli said he believes "everybody wants the canal to be completed" in reference to the benefits derived from the enlargement project.
Therefore, he said, he hopes they reach an early agreement to avoid the problems that have arisen which are generating "a lot of stress on a global level."
"What has to be done here is to finish the expansion, within the terms of the contract, because without that then all all of the guarantees would be lost," said Martinelli in an exclusive interview with CNN in Spanish from Davos, where he is attending the World Economic Forum.
He urged the companies involved to "comply with the contract as agreed when it was signed," when the contract was awarded to build the third set of locks as part of the project to expand the Panama Canal.
The contract, according to Martinelli, stipulates how all disputes should be settled, but he said if there is no successful conclusion the parties will have to continue to negotiate to reach an agreement.
"If this does not happen, the Panama Canal Authority has full authority to go to Plan B - meaning we finish the construction and expansion work," he said.
The work on the expansion of the Panama Canal continued on Monday, albeit with a lower intensity.
Monday, 20 January 2014, was the original deadline given by the GUPC consortium responsible for the administration of the construction project for the payment of $1.6 billion dollars in cost overruns for them to continue working on the project. (Critica)
Editor's Comment: Two things here. First of all, Martinelli taking the international stage to give assurances the expansion project will be completed - no matter what. Secondly, take notice when he was talking about Plan B - "we" finish the project. Make no mistake, Quijano and Martinelli are completely on the same page here. They are going to let the GUPC flop around in the bottom of the boat for awhile, then they will take the project over. My prediction remains. GUPC is toast.