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PANAMA: Construction start-up on long-stalled $5,250,000,000 canal expansion project is now scheduled to begin in 2008, AUTORIDAD DEL CANAL DE PANAMA (ACP) [Panama] Order #: 116706.

Publication: WWP-Business Opportunities in Latin America & the Caribbean
Publication Date: 01-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW:

The Panama Canal's lock system is too small for many modern tankers and ships making the passage, mainly from the United States, Japan, China and Chile. As global shipping increases, users also face longer waits to make the 80 km-long inter-oceanic trip. As a result, Panamanians recently overwhelmingly backed a long-stalled plan to give their famous 92-year-old canal its biggest-ever overhaul in order to enable the inter-oceanic canal to handle large-scale modern cargo ships.

The planned modernization project, to be undertaken by AUTORIDAD DEL CANAL DE PANAMA (ACP), will thus double its capacity to enable more and...

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