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Board of Directors Reaffirms Full Support to Panama Canal Administration

Date: 15-JAN-2014

Panama City, Panama, January 15, 2014 - The Board of Directors of the Panama Canal Authority (ACP) has reaffirmed its full support to the Panama Canal Administration in the management of the contract for the construction of the Third Set of Locks.

In a press release issued today, signed by the Chairman Roberto Roy, the Board of Directors reaffirmed its "full support to the management of the Administration in all the challenges it has faced during the Canal Expansion. The current situation, even though delicate, is but another challenge that we are facing together. We trust that will be resolved."

In addition, the members of the Board of Directors indicated that "the Panama Canal Expansion will be completed in the shortest amount of time and at the lowest cost possible, within the terms of the contract."

The Board of Directors also thanked for the "trust and support received during the past couple of weeks."

About the ACP Board of Directors
The Board of Directors is responsible for establishing policies for the operation, improvement and modernization of the Canal, as well as supervising its management in accordance to Panama's Constitution, the Panama Canal Authority Organic Law, and the Regulations thereto appertaining.

The ACP Board of Directors is made up of the following members: Roberto Roy (Chairman), Adolfo Ahumada, Marco A. Ameglio S., Rafael E. Bárcenas P., Lourdes del Carmen Castillo Murillo, Guillermo O. Chapman Jr., Nicolás Corcione, Ricardo de la Espriella Toral, Henri M. Mizrachi K., José A. Sosa A. and Alberto Vallarino Clément.

 


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