PANAMA CANAL: Driving Panama's Development Strategy
PANAMA CANAL: Driving Panama’s Development Strategy
H.E. Samuel Lewis Navarro First Vicepresident and Minister of Foreign Affairs
BACKGROUND
Torrijos-Carter Canal Treaties September 7th, 1977
Transfer of the Canal to Panamanians December 31st, 1999
PANAMA TODAY
Panama Ports Cristobal (Hutchinson Whampoa)
Colon Container Terminal (Evergreen) Manzanillo International Terminal (Stevedoring Services of America)
Panama Ports Balboa (Hutchinson Whampoa)
International Bidding for Concession of New Port Terminal
Panama’s Economic Growth and Foreign Direct Investment FDI - 2004 (in millions of USD) 1, 5 0 0
1, 0 12 758
557
1, 0 0 0
459 500
15 6
293
Guatemala
Honduras
18 6
0
Panama
15
Costa Rica
El Salvador
Nicaragua
Dominican Republic
Panam a's GDP - Fiscal Years 2000 - 2005 (in billions of USD) 13.9 13.1 11.7 12.2 11.44 11.4
10 5 0 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005
Comprehensive Reform Period CONSTITUTIONAL
FREEDOM OF INFORMATION ACT
FISCAL
REDUCE FISCAL DEFICIT
SOCIAL SECURITY
FORECASTED TO COLLAPSE BY 2011
Panama's Strategic Location
PANAMA CANAL
The Canal Offers a Reliable, Efficient and Safe Service Canal Water Time 31.7
Accident Rates hours
30
37 35
24.6
25
Number of accidents
30 25
20
20
15
12
15
10
10 5
5
1996
2000
2005
1996
Canal Waters Time decreased 20% from 32.9 hours in 1999 to 26.7 hours today.
2000
2005
2004 had the fewest accidents occurring in 81 years.
CWT
*Courtesy of
Direct Contributions to the Government (in millions of USD) Public Service Fees
59
171 171
Dividends Public Service Fees
202 202
Annuity
277 277
Dividends
939 939
1,877
Fees per Net Ton
1,339 1,339
FY 1913 – 2000* *Includes 3 months of the Panama Canal Commission (PCC)
2,277 Fees per Net Ton
1,167 1,167
FY 2000 – 2006** **Includes approved FY 2006
Panama Canal Modernization Program
N
Atlantic Ocean.
Tugboats
Deepening and Widening of Atlantic Entrance to 41.5´ draft.
Dredging
Gatun Locks Lighting System. Alhajuela Lake
Deepening of the Navigational Channel to 34 PLD.
Straightening and Deepening of Culebra Cut to 34 PLD.
Gatún Lake New Vessel Tie-up Station.
Pedro Miguel Locks Lighting System.
Locomotives *Courtesy of
Miraflores Locks Lighting System.
Increased draft to 40.5´.
Deepening of the Pacific Entrance to 41.5’.
Pacific Ocean
Panamax -vs- Post-Panamax
Panama Announces Expansion Project
Panama Canal Authority presents expansion project to President Martin Torrijos and the people of Panama
THE PROJECT Summary of Expansion Proposal Deepening and Widening of Atlantic Entrance.
Atlantic Locks Widening and Deepening of Gatun Lake.
Pacific Locks. Deepening of the Gaillard Cut.
Deepening and Widening of Pacific Entrance.
New Third Set of Locks
*Courtesy of
Source: ACP Expansion Proposal
SECURITY
Bremerhaven Tilbury Felixstowe
Rotterdam
Osaka Hamburg Nagoya Dunkerque Thamesport Halifax Shanghai Zeebrugge Seattle NJ/NY Kwangyang Tokyo Wilmington Qingdao Le Havre Pusan Shimizu Antwerp Newport News Oakland Keelung Charleston Baltimore Port Said Yantian Savannah Miami . Yokohama Los Angeles Hong Kong Everglades Marseilles Long Beach New Orleans Kobe Colon Colombo Kingston Manzanillo Hakata Chabang La Spezia Veracruz Kaohsiung Cartagena Manzanillo (Mx) Maracaibo Buenaventura La Guaira Puerto Limó Limón Tanjung Priok Guanta Balboa Puerto Cabello Manta Doniambo Guayaquil Callao Santos Arica Tahiti Singapore Paranagua Iquique Itajai Brisbane Coquimbo Antofagasta Sydney Valparaí Valparaíso San Antonio Auckland San Vicente Melbourne
“Panama’s strategic location has long defined its role in world affairs” Gen. Bantz J. Craddock, SOUTHCOM
Source: Compair Data
“… both in time of peace and in time of war it shall remain secure and open to peaceful transit by the vessels of all nations on terms of entire equality, so that there will be no discrimination against any nation” Torrijos – Carter Canal Treaties, 1977
H.E. Samuel Lewis Navarro First Vicepresident and Minister of Foreign Affairs
BACKGROUND
Torrijos-Carter Canal Treaties September 7th, 1977
Transfer of the Canal to Panamanians December 31st, 1999
PANAMA TODAY
Panama Ports Cristobal (Hutchinson Whampoa)
Colon Container Terminal (Evergreen) Manzanillo International Terminal (Stevedoring Services of America)
Panama Ports Balboa (Hutchinson Whampoa)
International Bidding for Concession of New Port Terminal
Panama’s Economic Growth and Foreign Direct Investment FDI - 2004 (in millions of USD) 1, 5 0 0
1, 0 12 758
557
1, 0 0 0
459 500
15 6
293
Guatemala
Honduras
18 6
0
Panama
15
Costa Rica
El Salvador
Nicaragua
Dominican Republic
Panam a's GDP - Fiscal Years 2000 - 2005 (in billions of USD) 13.9 13.1 11.7 12.2 11.44 11.4
10 5 0 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005
Comprehensive Reform Period CONSTITUTIONAL
FREEDOM OF INFORMATION ACT
FISCAL
REDUCE FISCAL DEFICIT
SOCIAL SECURITY
FORECASTED TO COLLAPSE BY 2011
Panama's Strategic Location
PANAMA CANAL
The Canal Offers a Reliable, Efficient and Safe Service Canal Water Time 31.7
Accident Rates hours
30
37 35
24.6
25
Number of accidents
30 25
20
20
15
12
15
10
10 5
5
1996
2000
2005
1996
Canal Waters Time decreased 20% from 32.9 hours in 1999 to 26.7 hours today.
2000
2005
2004 had the fewest accidents occurring in 81 years.
CWT
*Courtesy of
Direct Contributions to the Government (in millions of USD) Public Service Fees
59
171 171
Dividends Public Service Fees
202 202
Annuity
277 277
Dividends
939 939
1,877
Fees per Net Ton
1,339 1,339
FY 1913 – 2000* *Includes 3 months of the Panama Canal Commission (PCC)
2,277 Fees per Net Ton
1,167 1,167
FY 2000 – 2006** **Includes approved FY 2006
Panama Canal Modernization Program
N
Atlantic Ocean.
Tugboats
Deepening and Widening of Atlantic Entrance to 41.5´ draft.
Dredging
Gatun Locks Lighting System. Alhajuela Lake
Deepening of the Navigational Channel to 34 PLD.
Straightening and Deepening of Culebra Cut to 34 PLD.
Gatún Lake New Vessel Tie-up Station.
Pedro Miguel Locks Lighting System.
Locomotives *Courtesy of
Miraflores Locks Lighting System.
Increased draft to 40.5´.
Deepening of the Pacific Entrance to 41.5’.
Pacific Ocean
Panamax -vs- Post-Panamax
Panama Announces Expansion Project
Panama Canal Authority presents expansion project to President Martin Torrijos and the people of Panama
THE PROJECT Summary of Expansion Proposal Deepening and Widening of Atlantic Entrance.
Atlantic Locks Widening and Deepening of Gatun Lake.
Pacific Locks. Deepening of the Gaillard Cut.
Deepening and Widening of Pacific Entrance.
New Third Set of Locks
*Courtesy of
Source: ACP Expansion Proposal
SECURITY
Bremerhaven Tilbury Felixstowe
Rotterdam
Osaka Hamburg Nagoya Dunkerque Thamesport Halifax Shanghai Zeebrugge Seattle NJ/NY Kwangyang Tokyo Wilmington Qingdao Le Havre Pusan Shimizu Antwerp Newport News Oakland Keelung Charleston Baltimore Port Said Yantian Savannah Miami . Yokohama Los Angeles Hong Kong Everglades Marseilles Long Beach New Orleans Kobe Colon Colombo Kingston Manzanillo Hakata Chabang La Spezia Veracruz Kaohsiung Cartagena Manzanillo (Mx) Maracaibo Buenaventura La Guaira Puerto Limó Limón Tanjung Priok Guanta Balboa Puerto Cabello Manta Doniambo Guayaquil Callao Santos Arica Tahiti Singapore Paranagua Iquique Itajai Brisbane Coquimbo Antofagasta Sydney Valparaí Valparaíso San Antonio Auckland San Vicente Melbourne
“Panama’s strategic location has long defined its role in world affairs” Gen. Bantz J. Craddock, SOUTHCOM
Source: Compair Data
“… both in time of peace and in time of war it shall remain secure and open to peaceful transit by the vessels of all nations on terms of entire equality, so that there will be no discrimination against any nation” Torrijos – Carter Canal Treaties, 1977
