The Panama Canal Expansion Program Alberto Alemán Zubieta Administrator Panama Canal Authority April 16, 2009
Dredging Investment Program Accumulated Investment (in millions of US Dollars) 1,877 Locomotives 113 FY 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 proj. 113 142 126 207 115 144 233 92 347 358 Hydraulic System Capital expenditures on enhancement program have been executed on time and within budget (2000-2008) Technology Rail System Tugboats
Expansion Program Components 14 M m 3 Atlantic Post Panamax Locks Increase the Maximum Operating Level of Gatún Lake Deepening & widening of the Atlantic entrance Deepening & widening of the Gatun lake navigational channels 26.7 m 27.1 m Deepening of the Culebra Cut navigational channels 3.7 M m 3 4.1 M m 3 Post Panamax Locks Pacific Access Channel 46 M m 3 Pacific Post Panamax Locks Deepening & widening of the Pacific entrance 9.1 M m 3
New Locks Max Vessel: 12,600 TEU s Dimension of Locks and New-Panamax vessels Existing Locks Max Vessel: 4,400 TEU s 33.5 m (110 ) 294.1 m (965 ) 32.3 m (106 ) 12.4 m (39.5 ) 12.8 m (42 ) Current Locks 304.8 m (1,000 ) Beam 49 m (160 ) LENGTH 366 m (1,200 ) 55 m (180 ) New Locks 427 m (1,400 ) 18.3 m (60 ) 15.2 m (50 )
PostPanamax Locks Operation WSB 1 WSB 2 WSB 3 With the water saving basins the new locks will use 7% less water than the existing locks Water Utilization New Locks Existing Locks
Secured Financing for Program December 9, 2008 The $2.3 billion financing package will cover a portion of the $5.25 billion total cost of the project and will be allocated as follows: FINANCING: European Investment Bank (EIB) $ 500 M Japan Bank for International Cooperation (JBIC) $ 800 M Inter American Development Bank (IDB) $ 400 M International Finance Corporation (IFC) $ 300 M Corporación Andina de Fomento (CAF) $ 300 M Subtotal: ACP: Total: $2,300 M $ 2,950 M $ 5,250 M The negotiated financing structure includes favorable provisions for the ACP including a 20-year amortizing period with a 10-year grace period.
Contractor Selection Process for the Third Set of Locks Project Technical and price proposals were received on March 3, 2009 in a meeting open to the general public. Price proposals are kept sealed and stored in a bank vault. Technical proposals are being evaluated. Technical proposal scores will be presented in a second public meeting. Price proposals will be opened and presented in same second public meeting. Best value scores will be automatically calculated in same public meeting.
Three of the four prequalified Consortia presented proposals Consortium Members Disigners Gate fabricators ACS Servicios, Comunicaciones y Energía, S.L. Líder Sener Ingeniería y Sistemas C.A.N.A.L. Acciona Infraestructuras, S.A. Fomento de Construcciones y Contratas, S.A. Haskoning Nederland BV Mott Macdonald Limited ACS Servicios, Comunicaciones y Energía, S.L. Hochtief Construction AG Hochtief Consult Constructoras ICA S.A. de C.V. Bechtel, Taisei, Mitsubishi Corporation Bechtel Internacional, Inc. Líder Taisei Corporation Mitsubishi Corporation Bechtel Internacional, Inc. Líder Wuchang Shipyard Grupo Unidos por el Canal Sacyr Vallehermoso S.A. Líder Impregilo S.p.A. Jan de Nul n.v. Constructora Urbana, S.A. Montgomery Watson Harza (MWH) Líder IV-Groep Tetra Tech Heerema Fabrication Group 9
International Ports Connected through the Panama Canal every Week Osaka Nagoya Shanghai Kwangyang Qingdao Pusan Tokyo Keelung Shimizu Yantian Yokohama Hong Kong Kobe Colombo Chabang Hakata Kaohsiung Singapore Brisbane Sydney Tanjung Priok Doniambo Melbourne Source: ACP and ComPairData, 2007 Seattle Oakland Los Angeles Long Beach Manzanillo (Mx) Auckland Bremerhaven Rotterdam Tilbury Felixstowe Hamburg Halifax Thamesport Dunkerque NJ/NY Boston Zeebrugge Wilmington Le Havre Newport News Antwerp Charleston Baltimore Port Said.. Miami Savannah New Orleans Everglades Marseilles Colon Veracruz Kingston Manzanillo La Spezia Puerto Limón Cartagena Maracaibo Balboa La Guaira Guanta Buenaventura Puerto Cabello Manta Guayaquil Callao Arica Santos Iquique Paranagua Coquimbo Itajai Antofagasta Valparaíso San Antonio San Vicente Tahiti Transit the Canal Feeder services that don t transit the Canal
Panama: the main transportation and logistics hub of the Americas
The Panama Canal Expansion Program Alberto Alemán Zubieta Administrator Panama Canal Authority April 16, 2009