"We have been informed that we have won a major arbitration dealing with the expansion of the canal by the GUPC contractor for US$192.8 million," ACP CEO Jorge Quijano wrote in a Facebook post, reported American Shipper.
The consortium argued ACP should compensate it for costs associated with temporary water infrastructure it built on the Pacific entrance of the canal, Reuters reported.
ACP said the arbitration panel ordered GUPC to pay $22 million for the authority's expenses associated with the arbitration, as well as $900,000 in additional reimbursements.
GUPC includes Sacyr SA of Spain, Impregilo of Italy, Jan De Nul of Belgium, and Constructura Urbana of Panama.
The consortium argued ACP should compensate it for costs associated with temporary water infrastructure it built on the Pacific entrance of the canal, Reuters reported.
ACP said the arbitration panel ordered GUPC to pay $22 million for the authority's expenses associated with the arbitration, as well as $900,000 in additional reimbursements.
GUPC includes Sacyr SA of Spain, Impregilo of Italy, Jan De Nul of Belgium, and Constructura Urbana of Panama.