Panama Canal says Impregilo plan "impossible", contingency ready

MEXICO CITY (Reuters) - The head of the Panama Canal Authority said on Wednesday a new proposal by Italian builder Salini Impregilo to keep work going to expand the waterway was "impossible", and said he had a contingency plan ready.

Jorge Quijano, the canal's administrator, said the contingency plan envisaged bringing in a third party to finish the expansion project if no deal is reached with the Spanish-led consortium carrying out the project.