Panama Canal Receives $320m Upgrade
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Panama Canal Receives $320m Upgrade

01 Jun 2009 (Last Updated June 1st, 2009 18:30)

The Panama Canal Authority (ACP) has announced modernisations, valued at $320m, to upgrade the canal. The expansion includes an improved lighting system in the canal's locks and a new track and turntable system. Other upgrades include the acquisition of five tugboats, an addit

The Panama Canal Authority (ACP) has announced modernisations, valued at $320m, to upgrade the canal.

The expansion includes an improved lighting system in the canal’s locks and a new track and turntable system.

Other upgrades include the acquisition of five tugboats, an additional tie-up station and the replacement and reconstruction of the ACP’s launch fleet.

The modernisation will allow two additional transits per day to enhance the safety, reliability and efficiency of the canal, the ACP said.

Free Report

COVID-19 Executive Briefing

Enter your details here to register for the event and receive your free report.

FREE REPORT: GlobalData’s 60-page COVID-19 Executive Briefing report will help you understand the COVID-19 outbreak, its economic impact, and implications for specific sectors.

By clicking the “Submit” button above, you accept the Terms & Conditions and acknowledge that your data will be used as described in the Arena Financial Privacy Policy.

We will also collect and use the information you provide for carefully considered and specific purposes, where we believe we have a legitimate interest in doing so, for example to send you communications about similar products and services we offer. We will always give you an option to opt out of any future communications from us. You can find out more about our legitimate interest activity in our privacy policy here. ‘We’ includes Verdict Media Limited and other GlobalData brands as detailed here.