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Jan 1, 2014 10:09 PM by Juice Godfrey

Panama Canal contractors warn may halt work

PANAMA CITY (AP) - The consortium carrying out a historic expansion of the Panama Canal says it may have to suspend work due to financial problems caused by a $1.6 billion cost overrun.

The group issued a statement Wednesday giving the Panama Canal Authority 21 days to settle the dispute, but says it will continue working in the meantime.

Canal Administrator Jorge L. Quiuano responded with his own communique saying the Authority will continue to demand the companies "respect the contract that they themselves accept and signed."

The consortium is formed by Spain's Sacyr Vallehermoso, Impregilo of Italy, Jan De Nul of Belgium and Constructora Urbana SA of Panama. It won the construction contract with a $3.2 billion bid in 2009 - about $1 billion less than authorities had estimated the expansion would cost.

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FALCON- Aden Knar, a third grade student at Falcon Virtual Academy, is in need of a life-saving bone marrow transplant. His school, Falcon Virtual Academy, will host a bone marrow donor drive tomorrow to help find a match Aden. Knar, 10, was diagnosed at age 4 with acute lymphoblastic leukemia and entered remission in 2008. In November 2013, the Knar family learned that the leukemia had returned, and is now isolated in his bone marrow. In an outreach of support, Falcon Virtual Academy hosted a bone marrow donor drive in January, and will be hosting another tomorrow from 10 a.m. - 2 p.m. at 6113 Constitution Ave., directly west of Care and Share Food Bank for Southern Colorado. "We wanted to reach out to the family again," said Jodi Fletcher, assistant principal. Fletcher explained that more than 250 people participated in the January drive, and she hopes to have similar numbers April 19. The money from a bake sale at the drive, and a portion of the proceeds raised from a spring formal...

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