General
Spain Exports Its Construction Model, With Predictably Dire Consequences
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SpainExportsItsConstructionModel, WithPredictablyDireConsequences
By Don Quijones: When a consortium, led by the Spanish company Sacyr, bid to expand the Panama Canal for $2 billion under budget, it was an offer Panama couldn’t refuse. What the government didn’t know at the time was how Spanish construction firms operate.