Panama Canal consortium ordered to repay $847M in advances

PANAMA CITY (AP) — An international arbitration panel has ruled the Spanish-led consortium that built the expansion of the Panama Canal must repay $847 million in advances it received during the construction project.
A panel under the International Chamber of Commerce says the consortium must repay $547 million it got in 2009 when the project started and $299 million it got in 2014 when contractors were floundering.
Spanish consortium leader Sacyr says it has signed a 225 million-euro cred