Author Topic: Consortium Threatens To Pull Plug On Panama Canal Expansion  (Read 345 times)

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Offline EC

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Consortium Threatens To Pull Plug On Panama Canal Expansion
« on: January 02, 2014, 10:23:52 PM »
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Offline Chieftain

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Re: Consortium Threatens To Pull Plug On Panama Canal Expansion
« Reply #1 on: January 02, 2014, 11:04:10 PM »
Cost over-runs on the Panama Canal??

Really??!!

Say it isn't so!!

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Offline Oceander

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Re: Consortium Threatens To Pull Plug On Panama Canal Expansion
« Reply #2 on: January 02, 2014, 11:57:28 PM »
Via NPR, so make of that what you will.

http://www.npr.org/blogs/thetwo-way/2014/01/02/259253001/consortium-threatens-to-pull-plug-on-panama-canal-expansion

Sounds typical. Low big on an infrastructure project, then hold the respective government to ransom.

If it's that typical, then one would have thought that governments would be wise to it; after all, when push comes to shove, government wins (he who hath the guns winneth).  If Panama couldn't figure that out, or if they stupidly agreed in the contract to pay for cost overruns over a certain amount then they have no one to blame but themselves.

Offline EC

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Re: Consortium Threatens To Pull Plug On Panama Canal Expansion
« Reply #3 on: January 03, 2014, 12:32:29 AM »
If it's that typical, then one would have thought that governments would be wise to it; after all, when push comes to shove, government wins (he who hath the guns winneth).  If Panama couldn't figure that out, or if they stupidly agreed in the contract to pay for cost overruns over a certain amount then they have no one to blame but themselves.

They keep falling for it, time after time. I proffer a gentle challenge. Find me one big ticket government contract - civil, military, whatever - from anywhere in the world in the last 30 years that came in both on time and with no cost over runs.

You won't be able to.
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