The Panama Canal Authority
(ACP) Board of Directors has unanimously appointed engineer Jose Barrios Ng
as its new deputy administrator after serving as ACP chief financial officer since 2002.
He will continue to oversee his former position until a replacement is appointed. Barrios Ng holds a master's in economics engineering from the University of California at Los Angeles, a master's in electrical engineering from Georgia Tech and a degree in corporate finance from the Massachusetts Institute of Technology. Before joining the ACP, Barrios Ng held various top level management positions at Cerveceria Nacional and Cable & Wireless.
In a historic move, Panamanians voted on October 22, 2006 to expand the Canal. Expansion involves building a third lane of traffic along the waterway through the construction of a new set of locks, which will allow more traffic and double Canal capacity. Expansion will tighten the global supply chain and help get goods to market faster, thus saving time and money for both producers and consumers.