Panama Canal Expansion Briefing

Friday, February 13, 2009

The Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta delivered an address on Feb. 11 at the 2009 Retail Industry Leaders Association (RILA) Logistics Conference in Dallas, Texas. In front of approximately 900 global logistics leaders, Mr. Alemán Zubieta highlighted the anticipated benefits of Canal expansion, which is progressing on-time and on-budget, and will help Canal customers to efficiently deliver products to consumers around the world. He also pointed out the rapid growth of Panama as the transportation and logistics hub of the Americas.

Slated for completion in 2014, the $5.25b Expansion Program will double Canal capacity by building a new lane of traffic. After expansion, a greater number of ships, including wider and larger vessels, will be able to transit the waterway, helping to improve the flow of international commerce and facilitate the movement of goods through several important markets.

Mr. Alemán Zubieta also provided an update on the ACP’s preparations to award the largest contract under the Canal Expansion Program – to design and build the new set of locks on the Pacific and Atlantic ends of the Canal. He emphasized the ACP's commitment to a fair, rigorous and transparent contracting process. The four prequalified consortia vying for the contract are Consorcio C.A.N.A.L., Consorcio Atlántico-Pacífico de Panamá, Consortia Bechtel, Taisei, Mitsubishi Corporation, and Consorcio Grupo Unidos por el Canal.

The next milestone of the process is the submission of consortia bids, due March 3, 2009. The ACP anticipates awarding the contract in the coming months, moving expansion forward for the benefit of retailers and suppliers around the world.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Shell CEO Backs Fossil Fuels, Climate Change Warnings

The world's fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday.

Severe Flooding Cuts Off Lone Road to Alaska's Oilfield

Alaska's lone road to North Slope oil field operations remains closed for the third time in two months while emergency crews continue to redirect flooding from an adjacent river,

Pipeline Spill Could Hamper California Oil Projects

Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1767 sec (6 req/sec)