Panama Canal Expansion: Talks Continue on New Locks Project

The Panama Canal Authority (ACP) announced that talks will continue with Zurich American and Grupo Unidos por el Canal, S.A. (GUPC) (formed by the companies Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group and Constructora Urbana, S.A. (CUSA) (Panama)) until Tuesday, February 4.

The parties agreed to continue meeting over the weekend to further evaluate the options aimed at reaching an agreement.

The ACP reaffirms its commitment to inform the public of any changes in the current situation.

[mappress]

Press Release, January 31, 2014