ACP Awards Financial Advisor Contract for Expansion

The Panama Canal Authority (ACP) announced that it has awarded the financial advisor contract for the Panama Canal expansion to Mizuho Corporate Bank, Ltd. Services within the contract include: reviewing the financial aspects of the ACP's Master Plan and expansion proposal, providing strategic counsel on financing structures and strategies and creating and implementing an integrated financial model, among other items. A total of 15 firms participated in the international bid for this contract, including firms from the United States, Japan, France, England and Spain. After thorough technical and economical evaluation of the proposals, the contract was awarded to Mizuho Corporate Bank based on the firm's reputable experience and capabilities. Moreover, the firm was the best fit for requirements and interests of the expansion project.