Talks Over $1.6B In Panama Canal Financing Hit Impasse

Law360, New York (February 5, 2014, 1:27 PM EST) -- Talks between an international consortium of infrastructure firms and the agency that operates the Panama Canal over funding for the final $1.6 billion necessary to complete the canal's expansion have broken down, according to one member of the consortium.

The Grupo Unidos por el Canal consortium and the Autoridad del Canal de Panama have run into an impasse over who will fund the third set of locks, which was set to be completed in 2015, according to Salini-Impregilo. The company said that years of roadblocks and...
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