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Panama Canal Executives Discuss Expansion Benefits at Economist Intelligence Unit Conference

Date: 24-OCT-2007

  • INDUSTRY LEADERS MEET AT THE BUSINESS ROUNDTABLE WITH THE GOVERNMENT OF PANAMA IN PANAMA CITY
  • CANAL CEO AND BOARD CHAIR SPEAK ABOUT PANAMA'S GEOGRAPHIC ADVANTAGE AND THE SIGNIFICANCE OF EXPANSION

PANAMA CITY, Panama, October 24, 2007 - The Panama Canal Authority (ACP), along with the Government of Panama, participated in The Business Roundtable today, organized by Economist Conferences, a division of the Economist Intelligence Unit in Panama. Conference attendees included senior government and global business leaders from the maritime, financial, technology and construction industry.

The Government Roundtable was inaugurated Tuesday, October 23 by Panama's President Martín Torrijos and continued today with the opening session Reaping the Benefits of the Panama Canal Expansion. During the forum, Vice President and Minister of Foreign Affairs Samuel Lewis Navarro, ACP Board of Directors Chairman and Minister of Canal Affairs Dani Kuzniecky, ACP Administrator/CEO Alberto Alemán Zubieta and Coyne et Bellier's Executive Vice President for Strategy and Development, Jean Binquet discussed the importance of the Canal's expansion as one of the main projects for the country's economic development.

Panama is leveraging its two primary assets, its natural geographic position and the Panama Canal, to create an aggressive development strategy. Key to Panama's strategic location is the waterway, whose expansion, is promoting development in sectors such as tourism, logistics, construction, and insurance. 

The expansion will build a new lane of traffic along the Panama Canal through the construction of a third set of locks, which will double capacity and allow more traffic, longer and wider ships.

About the Panama Canal Authority
The Panama Canal Authority (ACP) is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The ACP is governed by its organic law and the regulations approved by its Board of Directors. For more information, please refer to the Panama Canal Authority's Web site: http://www.pancanal.com/. For Panama Canal video, please visit www.thenewsmarket.com/panamacanal.


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