New Area with Potential for Logistics in PanamaTuesday, October 16, 2012 An area of 900 hectares on the west side of the canal, connected to the new Pacific locks, is emerging as a potential hub. Jorge Luis Quijano, administrator of the Panama Canal Authority, explained that these areas were contaminated with munitions and explosives abandoned by the U.S. military, and that they have been cleared and refilled during the Canal expansion work. ACP Presents 2012 budgetFriday, August 5, 2011 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% ). Panama: Tender for Parking Lots at end of 2011Wednesday, May 18, 2011 By the end of the year, the Mayor of Panama will put out for tender the construction of underground car parks in the capital. This was announced by the advisor to the Mayor of Panama, Jose Isabel Blandon, who added they expect to have the final designs and plans for the project ready by that date. Canal Expansion Project to Hire 7.000 PeopleMonday, April 5, 2010 “Grupo Unidos por el Canal” (GUPC), announced it will hire 7.000 workers over the next three years to build the new set of locks. To do so, they will organize job fairs on April and May, explained Antonio Zafarroni, head of the consortium. FTA with Canada Top Priority of PanamaMonday, July 6, 2009 For the new negotiator for Panama, Francisco Álvarez de Soto, closing the FTA is a priority, given the advanced stages of negotiation. As of today, the issues remaining to be negotiated are the treatment of beef and pork and the definition of the rules of origin for sugar. Construction of Visitor Center on Expanded CanalTuesday, July 10, 2012 The Panama Canal Authority is calling for companies interested in a concession for a visitor center on the Third Set of Locks. The ACP statement noted that the observation center buildings will have administrative and customer services, an observation tower, public squares, parking areas, restaurants and cafes, shops and salons. It will be located in the area of Cocolí, on the west bank of the Panama Canal. Financing for the widening of the Canal will be ready in DecemberMonday, September 1, 2008 Panama Canal Authority (ACP) has proposed having ready all financing necessary for the completion of the construction of the third set of locks by the end of the year. They are in negotiations with the Inter-American Development Bank, the European Investment Bank and the Japanese Bank for International Cooperation, amongst others. Canal Transit Temporarily SuspendedWednesday, December 8, 2010 The Panama Canal Authority temporarily suspended transit through the waterway. The suspension was due to high water levels at lakes Gatun and Alajuela as a result of heavy rains. Panama Approves Higher Canal TollsWednesday, June 16, 2010 Starting on January 1st 2011, vessels transiting through the Canal will pay $74 for each container, up from $72. The presidential cabinet included an exception for refrigerated cargo containers. The increase for them will come into force on April 2011, after a request from Peru, Ecuador and Chile, who alleged the negative effects the economic crisis has had on the maritime cargo industry. Panama Begins FTA Negotiation with PeruMonday, June 21, 2010 Authorities from both countries will meet between June 22 and 25 for a preliminary negotiation round. “Both countries want to discuss a possible Free Trade Agreement between Peru and Panama or between Peru and Central America”, said Roberto Henríquez, Panama’s Commerce Minister. Panama Canal Reduces its RatesMonday, May 4, 2009 As a measure to support the maritime industry during the economic crisis, container-ship fees will be temporarily reduced. The plan announced by the Panama Canal Authority (ACP) will be in effect from June 1 to September 30, 2009 and it includes a reduction in the fees for container ships and more flexibility in the reservation system. Panama: Optimistic that the FTA with the US will be ratifiedTuesday, December 2, 2008 Panama is waiting for the United States to ratify the FTA that both countries negotiated and which has already been approved by the Panama National Assembly. We continue to work and lobby Congress and more specifically the Democratic Congressmen because they are the ones who are most opposed to the agreement, the Panamanian ambassador in Washington, Frederico Humbert, reported. Third dry excavation of the Panama Canal put to tenderFriday, December 5, 2008 Meco S.A., a Costa Rica company with 12 years of operations in Panama, presented the the best proposal, beating CUSA. In total, six companies participated in the bidding carried out at the Ascanio Arosemena where Meco offered 36,659,852 million dollars, close to $2 million higher than the bid by Constructora Urbana (CUSA), which is currently carrying out the first dry excavation contract. Meco wins bids for Panama Canal contractFriday, December 19, 2008 Costa Rican consortium, Meco construction company, won the third dry excavation contract for the Panama Canal expansion project. Said consortium made the lowest offer, $36.6 million, for the public bid held on December 4, and met the requirements indicated by the Panama Canal Authority. Panama - Cuba Trade Agreement Comes into EffectThursday, October 1, 2009 Pork and Sea products are some of the products that Panama will export to Cuba tariff-free. The announcement was made by the Commerce and Industries Ministry of Panama (MICI). |
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