SAN SALVADOR, (Reuters) – A court in El Salvador has ordered $227 million of assets of the Italian company Astaldi be frozen amid judicial proceedings against the construction company, the attorney general’s office said yesterday.
Authorities have accused Astaldi of breaching a 2008 contract for the construction of a hydroelectric dam by repeatedly delaying and then suspending the project.
Astaldi was unreachable for a comment out of office hours.
