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Italy's Impregilo proposes Panama Canal deal

Thursday, January 9, 2014

Italian builder Salini Impregilo, part of the GUPC consortium which is working on the Panama Canal expansion, proposed a new deal to keep the project going.

Impregilo's proposal involves the canal authority paying $1 billion to complete the work.

Jorge Quijano, who heads the Panama Canal Authority, said he could not negotiate over Impregilo's proposal.

Source: Reuters