In order to take advantage of the connectivity offered by the Canal and its strategic location, the rules for logistics and port industries must be improved and modernized.
The infrastructure and technology is in place, but a better legal framework is needed in order to take advantage of the connectivity and advantages of the Canal and the location of Panama in the Latin American region.
When companies from different countries come together to develop large-scale projects, the work will inevitably be affected by conflicts generated by cultural differences.
In today's world it is not strange that the punctuality of the English or the precision of the Swiss is a surprise to a Latin American.
These cultural differences are also reflected in the working methods of companies who join up in order to develop projects where often a lack of agreement or communication problems delay the progress of projects .
To remain globally competitive, the industry must invest in staff training and specialization.
The forum "Invest in Panama" brought together multinationals, politicians, local entrepreneurs and executives from companies interested in coming to Panama or strengthening their presence in the country. Those present agreed on the need for good progress in local infrastructure, but insisted on the urgent need to invest in staff training and specialization.
An engineer with 36 years experience on the waterway, today became the new administrator of the Panama Canal.
A statement from the ACP reads:
Panama City, September 4, 2012. - Jorge Luis Quijano, an engineer with 36 years experience on the waterway, during which he has been entrusted with key responsibilities such as the operation and maintenance of the Canal in the transition to Panamanian administration and the Expansion Program, today became the new administrator of the Panama Canal.
Work began seven months later than stipulated due to the quality of the cement which was originally intended to be used, but the contracted company tries to meet the deadline of October 2014.
The administrator of the Panama Canal Alberto Alemán Zubieta, admitted that the work of expanding the waterway should have begun in January 2011 but didn’t start until July last year due to problems with the standard of the cement brought by the contractee the first time.
The Panama Canal Authority has appointed Jorge Luis Quijano as administrator of the agency, replacing Alemán Alberto Zubieta.
Alemán Zubieta will retire from the position on September 3, 2012.
A press release from the ACP reads:
The Board of Directors of the Panama Canal Authority (ACP in Spanish) designated in special session on March 8th, 2012 the engineer Jorge Luis Quijano as the new administrator of the Panama Canal to replace the engineer Alemán Alberto Zubieta, who after 16 years of service to the Canal ends his term on 3rd September 2012. "We are proud to announce the appointment of the engineer Jorge L. Quijano as the new administrator of the Canal. The Board, exercising its legal authority and based on its independent function believes that Quijano has the capability and experience necessary to manage the waterway in a critical juncture in its history," said Romulo Roux, Chairman of the Board.
The Panama Maritime Chamber has published the characteristics of the person who will replace Alemán Zubieta at the head of the Canal’s administration.
"A professional versed in the field of maritime transport with extensive experience in large scale engineering and project management." "Possessing a broad view of the impact of the canal as the main axis of movement of cargo and auxiliary services to the ships."
At the First Central American Forum on Energy and Infrastructure Project Finance, participants highlighted the number of ventures taking place in Central America in these sectors.
The Panama Canal expansion is just one example that stands out of the many investment projects in energy and infrastructure, both public and private, going on in Central America, in contrast to the sluggishness in Europe, according to participants in the industry forum held in Panama.
The Panama Canal Authority (ACP in Spanish) for 2012 expects revenues of $2.367 million and contributions to the government to be $950 million.
Projected revenues are: $1.828 million in tolls (77% of total), $429 million in services related to the transit of vessels (18%), $84 million in electricity sales (4%) and $26 million in sales of water (1% ).
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