Loading ...Panama attorney-general agrees Hong Kong firm’s canal concession is ‘unconstitutional’
Panama’s attorney-general said on Feb 26 that concession granted to a Hong Kong-based firm to operate ports on either end of the Panama Canal should be scrapped for being “unconstitutional”.
The contract held by CK Hutchison Holdings, owned by Hong Kong billionaire Li Ka-shing, has been at the root of US President Donald Trump’s concerns for Chinese influence over the waterway.
The Panama Ports Company, a subsidiary of CK Hutchison, manages two of the canal’s five ports, an arrangement in place since 1997 via a concession from the Panama government.