Panama Canal: $370 million in Investments

Among the Canal Authority's investment plans for 2019 is construction of a second dump for the management of the reservoirs, and the purchase of a floating dock and crane.

Monday, August 27, 2018

The budget approved by the Assembly for next year includes specific items requested by the Canal Authority (ACP), which project several investments to improve the performance of the interoceanic highway.

See "Public works: $4 billion for 2019"

In addition to "... funds for the replacement of the floating Titan crane, the increase of the tugboat fleet and the construction of a second dump for the optimal management of the reservoirs ... ", the budget also includes an allocation for acquiring a floating dock for boat maintenance.

Regarding the advantages of buying a dock with these characteristics, reports that the ACP's chief, Jorge Luis Quijano, explained that "... this way you can take the equipment to the Atlantic or Pacific side to do the boat maintenance. With this dry dock, which can only be passed through the new locks, you can do maintenance on the dredges and the floating crane that will be purchased."

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