Saturday , October 1 2022

Water supply will define the expansion of the Panama Channel, says the administrator



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Thus, he summed up Quijano to Efe his perspective on crucial waterway issues, which in the fiscal year 2018 ended September 30 had an increase in the "9.5%" tonnage, or 403.8 million tons moved in 2017 rose to about 442 million tons.

The project was to move 423.4 million tonnes in 2018.

In revenue, the leap was "nearly 5 percent", which would mean an increase of 3,037.5 million in the budget for 2018 to 3,189.37 million dollars in real numbers.

"We still do not know what the final contribution will be (state), but this is decided by the Board of Directors at the December meeting, but it will be more than last year, there will be something extra," he said.

In 2017, the contribution was 1,650 million ($ 1,593 million in budget), and for the 2018 budget it was already estimated to reach 1,659.2 million dollars.

Quijano attributed this partial success "due to the exertion of advanced sales to avoid tariff cuts" applied by the United States in the trade war with China.

By 2025, the construction of a fourth set of locks, even Quijano, was announced in September 2016, announced the establishment of a study team to condition the "demand" of the market, but already in 2014 China Harbor Engineering Company (CHEC ) expressed interest in the work.

"The fourth set of locks will mainly depend on a factor and it is water, if there is no water to forget the fourth set of locks, the demand will be there, but we have to adapt to the way this application has place, "he said.

This is based on the fact that "in the 90s the most important thing was the cereal movement before being a tanker, today are containerized vessels, but tankers occupied the second place when adding gas conveyors to petroleum products and oil, all of them gather more than the bulk. "

The third set of locks "reflects a ship size that is concentrated on the container carrier and coincidence is that of liquefied natural gas, that is, the ability to adapt to our infrastructure and business models are those that have given us the ability to move into a very rigid business. "

"Our infrastructure is not a thing that is built from one day to the next, took us 9 years to expand, it is not the same as every three, four months, you make a chip to build a new lock will take 8 years, "he argues.

As for the proposal to open Darien Gap, the only section of the land where the Pan-American Motorway is interrupted on its route from Alaska to Tierra del Fuego, said it had "sense".

The Connector, on the border with Columbia, "served (its) purpose" against the spread of disease, drug trafficking, irregular migration so that "before" thinking to open it "requires a plan" anomalies and also , to take care of the ecological aspect.

"You are communicating a large producing country (Colombia) that could use our channel as an export point more than its ports, so there is great potential there," but "there is a trade barrier we have to solve right now, it is useless open the door in Colombia to use us, and yet Colombia does not give us this opportunity, "he added.

He condemned the fact that "seeing it strictly commercially does everything in the world."

In terms of arbitration, according to Spanish Sacyr, who runs the consortium who built the third set of locks for $ 5.673 million, Quijano said he did not believe he had a "new development" by the end of the year.

"There is still a lot of material to be eliminated in these matters as soon as we know something if we advance one of the referees, we will say we still have referees in January in Miami, precise data we do not have yet but the result will not be seen , so complicated that these arbitrations are, at least eight to ten months before the referees decide on these issues, "he argued.

The Administrator said that "they're getting ready for it," and they expect to be "successful."

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