Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams, power plants and other structures of the canal for insurance purposes. This is VRC’s second valuation engagement with the authority. In 2004, VRC was engaged to provide a comprehensive valuation in connection with financing the Canal’s expansion. “We are very pleased to once again work with the Panama Canal Authority,” said Richard Nordberg, Managing Director. In its 100th year, the Panama Canal is still considered one of the largest and most difficult engineering projects ever undertaken.
