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Panama Canal: Talks Continue on New Locks Project

Date: 31-JAN-2014

Panama City, Panama, January 31, 2014 - The Panama Canal Authority (ACP) informs 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 (Belgium) 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.

About the Panama Canal Authority (ACP)
The ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. Please refer to the ACP's website: http://www.pancanal.com/ or follow us on Twitter @thepanamacanal.


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