españolAmerica's crisis being felt on the Panama CanalWednesday, June 18, 2008 The Panama Canal Authority reports that number of ships carrying merchandise through the Panama Canal has remained static and is unlikely to improve next year, due to the economic slowdown in the United States. However, it adds, representatives of the Central American Integration Bank say that some Israeli companies have shown interest in participating in the construction of the new canal. 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: Panama Canal Regulation More FlexibleThursday, October 1, 2009 PCA extended, for an additional 7 months, its temporary plan for reducing costs and making its reservations system more flexible. The temporary plan, in effect since June, modifies the definition of ballast (vessels without cargo nor passengers) for container ships using the Canal. It also changes the reservation system, to increase its flexibility and reduce fares. Panama Canal: $339 million given in contractsTuesday, January 27, 2009 As of 31 December 2008, the ACP recorded a total of $339.469 million in more than 100 contracts granted for the expansion project. Laestrella.com.pa reports: "The reports says that the Panamanian company, Constructora Urbana, S.A. (CUSA) has advanced 79% with the first phase of the excavation of the access passage for the Pacific locks. Some 5.8 million cubic meters of dirt from the Paraiso hill have been excavated from the total of 7.4 million included in the contract. Contracts Worth $4 Billion Awarded by Panama CanalTuesday, July 27, 2010 On 30 June the Panama Canal Authority (ACP) awarded over $4 billion worth of contracts. The contracts relate to canal expansion works with a total value of $4.041 billion. Panama Canal Makes Over $1 billion in ProfitsThursday, December 6, 2012 For the second consecutive year contributions from the Canal to the Panamanian State exceeded one billion dollars, totaling $7.61 billion in the 13 years of local administration. Canal earnings projections for fiscal 2012 were about $951 million, and the end result exceeded those expectations, reaching $1.03 billion. Panama Canal Expansion Awarded $4 Billion in ContractsTuesday, May 25, 2010 As of March 2010, the Panama Canal Authority (PCA) had awarded $3,993 million in contracts related to enlarging the Panama Canal. $331.7 million have already been disbursed, according to data from the PCA. 10 Years of Panamanian Administration at the CanalMonday, January 4, 2010 On December 31st, 2009, Panama celebrated 10 years administering the Canal. Alberto Alemán, head of the Panama Canal Authority (PCA), remarked the benefits the country has reaped in this decade of Panamanian administration of the Canal, evidenced in more than $4.7 billion delivered to the National Treasury since 2000. Canal Excavation Bidding ExtendedThursday, December 10, 2009 The Panama Canal Authority pushed to December 22nd the deadline for the fourth dry excavation phase. The original date was December 10th, at 1 pm. Panama Canal Expansion to be Awarded in JulyWednesday, May 6, 2009 Experts are reviewing technical aspects of the largest contract worth $5.25 billion, and contract adjudication is expected by July. The president of the Panama Canal Authority (ACP), Alberto Alemán, made the announcement at the Reuters Investment Forum on Latin America. Panama Canal Extends Deadline for Dry Excavation BidsTuesday, December 1, 2009 The deadline for submitting bids for the fourth and last dry excavation project was postponed to December 10th. The original deadline was December 3rd, but the Panama Canal Authority decided to give companies more time. Panama Canal Expansion: 70% of Contracts Already AwardedWednesday, October 28, 2009 Up to September, the Panama Canal Authority had awarded contracts for $3.674 million, 70% of the total cost of the project. One of the most important contracts remaining is the one involving dry excavation for ship navigation on the Pacific side. Canal Receives Dredging BidsFriday, September 11, 2009 The Panama Canal Authority will proceed to analyze technical and financial aspects of the bids. The selection process is a 'negotiated lowest price bid', so the names and proposed amounts of the participants will remain strictly confidential. ACP Invests $320 million in Modernization ProjectsTuesday, June 2, 2009 Investments in lock lighting and the purchase of five tugs boats, among others, have been made to improve the service. The improvements, according to the Panama Canal Authority (ACP), have increased daily traffic and provided greater security. Panama Canal Invites Bids for Vehicle BridgeWednesday, November 18, 2009 The Panama Canal Authority started the process for building a vehicle bridge, by putting out to tender its feasibility study. The contractor will be responsible for analyzing the feasibility of building a tunnel or a bridge to the north of the existing Gatun locks and the new post-panamax locks in the Atlantic side. |
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