News

13/12/2018

Announcement on recent Panama Canal arbitration award

With reference to the decision issued by the International Chamber of Commerce in Miami (ICC) regarding the advance payments received by the Grupo Unidos por el Canal (GUPC) consortium, Salini Impregilo clarifies that GUPC’s request to postpone the repayment of the advances, both contract and variation orders, received from the Panama Canal Authority (ACP) for a combined total principal amount of US$836 million, has been rejected.