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Article: Panama Canal development project on pace for completion.
- Article from:
- Logistics Management (Highlands Ranch, CO)
- Article date:
- January 1, 2009
CopyrightCOPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Patrick Burnson, Executive Editor, and Jeff Berman, Group News Editor
PANAMA CITY, Panama--While continuing to adjust its economic forecast, Panama Canal authorities insist the expansion project is on schedule for completion in 2014.
"The big question for all of us is 'when will a demand for carrier capacity be restored?'" said Alberto Alemán Zubieta, administrator and CEO of the Panama Canal Authority (ACP) in an interview with LM . "In any case, we want the project on track and have it provide the industry with a more efficient routing solution."
The expansion project was initially announced in October 2006, when nearly 80 percent of ...