Monday, February 10 2014 @ 07:16 PM EST
Contributed by: Don Winner
Last Friday, the consortium composed of the Spanish company Sacyr, Italy's Salini Impregilo, Belgium's Jan de Nul, and the Panamanian company CUSA sent the ACP a proposal, which they said "reflects our continuous efforts to accommodate the ACP's concerns during the negotiations."
The ACP responded with a counter-proposal, that would be their last, in its effort to find a solution to the crisis that has already been dragging on for more than a month, with its origins in cost overruns - not recognized by the ACP - of $1.6 billion dollars in the project to build the third set of locks, the largest single contract of the expansion program.
The ACP's proposal suggests, as requested by the consortium, an extension of the deadlines for repayment of advances, without giving further details on these.
A quick resolution to the conflict is key to the project. Work has stopped since last Wednesday, after a deadline expired and the negotiating parties were unable to reach an agreement.
The administrator of the ACP, Jorge Luis Quijano , said the institution would be willing to take over the project and to complete it by 2015, as currently scheduled, but in order to do it they must act quickly to take advantage of the short dry season. (Prensa)
Editor's Comment: I predicted a long time ago that the ACP would boot the GUPC, hire someone else to finish the job, and then sue the GUPC companies for failure to perform. In that way, the Panamanian people will basically get the $7 billion dollar project for $5.25 billion - and the low ball bid gets turned around and stuffed right up the GUPC's ass. Remember, they were hired by the PRD (for a reason). Can you spell "yuca?" Now do it about 1.6 billion times. Yuca, yuca, yuca, yuca... There's a whole lot of yuca coming down.
Panamanian Spanish Lesson: When someone get's screwed over, Panamanians will say "se le metio la yuca" which literally means "they stuck the yuca in him." As in, they stuffed it up his ass. Yucas typically have a pointy end, but then they get thick at the base, and are about as big as your forearm - perfect for stuffing up someone's ass - and not something normal people would consider enjoyable. This expression is often used when someone thinks they were going to get over because they were going to try to be clever or slick, but then the tables were turned and the person who thought they were going to get over, gets hosed instead. They get in trouble or go to prison or what have you. In this case the ACP is pulling the old yuca trick to the GUPC. Silly Spaniards, thinking they could "out slick" the Panamanians on their home court...