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Panama Canal Expansion Named Best Long Term Performance Project

Date: 07-APR-2008

  • CANAL RECEIVES "STRATEGIC PROJECT OF THE YEAR" award IN Latin america
  • CANAL DEPUTY ADMINISTRATOR RECOGNIZES PANAMANIANS FOR THEIR FORESIGHT

 PANAMA CITY, Panama, April 7, 2008 - Panama Canal Authority (ACP) Deputy Administrator/CFO José Barrios Ng was presented with the "Best Long Term Performance Project" and "Strategic Project of the Year" awards for the Panama Canal Expansion Program at the 6th Annual CG/LA Infrastructure Latin-American Forum held at the Miami Marriott Biscayne Bay Thursday, April 3.

Every year, CG/LA Infrastructure forms a committee to select executives and companies that have demonstrated remarkable strategy, clear vision and prominent ideas to move the region forward. The panel made up of sponsors from different countries recognizes those executives and companies for their leadership.

The Panama Canal Expansion Program received two awards: "Best Long Term Performance," as it will be ongoing for at least five years, and the "Strategic Project of the Year" award in Latin America. Other countries that were also awarded for their infrastructure initiatives were Mexico, the Dominican Republic and Costa Rica.

"We are honored by this recognition and I share this with the best asset of the Canal, our hard-working world-class work force. This award also represents the foresight of all Panamanians whose support has been instrumental in making this project a reality," said Deputy Administrator/CFO José Barrios Ng.

Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships which will transform global trade.

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


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