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Caribbean & Central America - September 2014 (ISSN 1741-4458)

PANAMA: A key anniversary

Last month the Panama Canal authority (ACP) and Grupo Unidos por el Canal (GUPC), the multinational consortium carrying out the construction work on the Canal’s third set of locks – the biggest project under the US$5.2bn Canal expansion plan - inked a deal aimed at ending the uncertainty about the project’s completion. The 1 August agreement which was struck two weeks before the celebrations marking the centenary of the first ever ship to cross the Canal, also comes amid speculation that a further expansion could be on the cards.

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