Despite a collapse in bank financing lines and the export markets, the Panama Canal expansion project will be an attractive investment in 2009, according to the Panama Canal Authority.
The project secured funding from five multilateral agencies in November and strong competition is expected for the coming licence auctions.
In March 2009, the Panama Canal Authority (ACP) will finally award the new locks contract to a consortium of constructors. Four different groups are fighting for the contract: “We don’t see any problems ahead that could jeopardize this expansion project.
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