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Consortium Locks in Panama Canal Contract

Jul 9, 2009

The Panama Canal Authority (PCA) says it has awarded a concession for the expansion of its locks to a consortium that calls itself Grupo Unidos por el Canal. The $3.1bn price proposal by the consortium was by...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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