Panama Canal Execs Consider Expansion Benefits
Thursday, October 25, 2007
The Panama Canal Authority (ACP), along with the Government of Panama, participated in The Business Roundtable, organized by Economist Conferences, a division of the Economist Intelligence Unit in Panama. During the forum, Vice President and Minister of Foreign Affairs Samuel Lewis Navarro, ACP Board of Directors Chairman and Minister of Canal Affairs Dani Kuzniecky, ACP Administrator/CEO Alberto Alemán Zubieta and Coyne et Bellier’s Executive Vice President for Strategy and Development, Jean Binquet discussed the importance of the Canal’s expansion as one of the main projects for the country’s economic development. Panama is leveraging its two primary assets, its natural geographic position and the Panama Canal, to create an aggressive development strategy. Key to Panama’s strategic location is the waterway, whose expansion, is promoting development in sectors such as tourism, logistics, construction, and insurance. The expansion will build a new lane of traffic along the Panama Canal through the construction of a third set of locks, which will double capacity and allow more traffic, longer and wider ships.