The improvements, according to the Panama Canal Authority (ACP), have increased daily traffic and provided greater security.
Laestrella.com.pa published: "According to the ACP, investments reached $320 million in projects such as a new locomotive turntable system and rails, a second mooring station and the replacement and conversion of the fleet of boats for the Canal."
The Panama Canal Authority (ACP) completed a contract yesterday to finance the expansion of the Canal.
The total figure is $2.3 billion. The aforementioned contract was made with the European Investment Bank for $500 million, the Bank of Japan for International Cooperation for $800 million, the Inter-American Development Bank for $400 million, the International Finance Corporation for $300 million and the Andean Development Corporation for $300 million.
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