Panama Could Build Road Linking Howard and the Centennial BridgeFriday, January 29, 2010 The Panamanian Government is assessing the feasibility of building a road linking the special Economic Area Panama Pacifico and the Centennial Bridge. A commission with members from the Panama Canal Authority, the Public Works Ministry, the Justice Ministry and the National Environment Authority are evaluating three possible routes to the west of Panama City. More Maritime Services in PanamaTuesday, July 20, 2010 Starting July 27, KTK Panama S.A. will offer towing services in the Panama Canal The company has operated in the Caribbean for 25 years, and will start operating with two towing ships, one at Manzanillo International Terminal and another in Colon Container Terminal. CAF to loan $400 million for the Panama CanalFriday, October 24, 2008 The Andean Development Corporation approved a $400 million loan for the expansion of the Panama Canal. The money is part of a $2.3 billion package that the Panama Canal Authority expects to get from 5 lenders, including the IDB and the Bank of Japan for International Cooperation. Panama to have new Pacific container terminalWednesday, April 16, 2008 A US$70 million container port is to be built in the Pacific Coast sector of the canal zone, under a concession granted by the government to PSA Panama International Terminal, a unit of Singapore-based PSA International. The concession won approval of the National Assembly on April 15. The new port, which is to have a handling capacity of half a million TEU, is the second of its type in the Pacific Coast sector, and will be PSA's first in Latin America. New Canal Directors Called into QuestionFriday, February 1, 2013 Business organizations are criticizing the appointment of two directors, who have no known track record, onto the Board of the Panama Canal Authority. A statement from the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) reads: Transit Through the Panama Canal NormalizedThursday, December 9, 2010 Transit through the canal was resumed after temporary closing caused by heavy rains. On Wednesday, December 8, at about noon the decision was made to close the Canal in order to ensure safe passage. Dutch Businesses Interested in the Panama CanalFriday, February 13, 2009 Businesses of the maritime sector explore possibilities to participate in the expansion project at the Canal. Prensa.com reports: "´The majority of these businesses are interested in being informed about the project and they might be able to offer services such as contractors to the consortium that wins the contract for the design and construction of the third set of locks, for which the bidding will take place on March 3,´ said Matthijs Van Bozel, Ambassador of the Kingdom of the Netherlands, which has its headquarters in Costa Rica." Bidding for Panama Canal Locks will be in MarchWednesday, February 25, 2009 The Panama Canal Authority (ACP, by its initials in Spanish) will receive the technical and price proposals next March 3rd for the design and construction of the third set of locks. Prensa publishes on its website: "It is the largest contract in the expansion program, with an estimated value of close to 60% of the $5.25 billion budgeted." Panama Canal excavation contract to be concessionedWednesday, October 1, 2008 The Panama Canal started the tender process for the third dry excavation contract. The Panama Canal Authority (ACP) stated in a press release that it would grant the contract on November 18 to the company that offers the lowest price; this would leave one last excavation contract to be concessioned. FTA Panama - Nicaragua Valid From 11/23/2009Friday, October 23, 2009 The announcement was made by the Panamanian Government, after the ratification documents were interchanged by both states. Now, Panama has ratified Free Trade Agreements with all Central American nations, as the last one pending was this one with Nicaragua. Digicel and Claro sign contracts for Panama wireless concessionsWednesday, May 28, 2008 Ireland-based Digicel and Claro, a unit of Mexico's América Móvil, signed contracts for the provision of wireless service in Panama, where their concessions oblige them to install four radio bases. Manuel Troitiño, telecommunications director of the National Public Services Authority (ASEP), said both companies would have to apply to ASEP for frequencies or microwave links between the radio bases. New Round in Panama-Colombia FTAThursday, February 11, 2010 The second exploratory meeting for a Free Trade Agreement between Panama and Colombia is taking place in Panama City. Ministers from both countries expect to conclude the exploratory process, defining the basis for a FTA between both countries. Hotel Le Meridién Opens in PanamaThursday, September 3, 2009 After a $25 million investment, the company Bern Hotels & Resorts Panama inaugurated its first Le Meridién in the country. The hotel is located in the City of Panama, in the intersection of Uruguay Street and Balboa Avenue, and has 111 rooms, of which 25% are suites. U.S. to Accelerate FTA with Panama and ColombiaThursday, February 10, 2011 The U.S. will begin this year a process to resolve outstanding issues preventing the ratification of these treaties. This was announced by the U.S. trade representative, Ron Kirk, who added "I can tell you the president (Barack Obama) has instructed me to immediately intensify contacts with Colombia and Panama, in order to resolve this as soon as possible and submit these agreements immediately to Congress for consideration." Panama Tenders a Fourth Bridge at the CanalFriday, February 11, 2011 President Ricardo Martinelli announced he will support the construction of a fourth bridge over the Panama Canal. The president said he will soon launch a tender for the construction of the project. |
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