CrimsonLogic Secures Multimillion Dollar Project in Panama
Tuesday, September 23 2008 @ 08:01 AM EDT
Contributed by: Don Winner
The provider of eGovernment solutions and services was previously selected to build and maintain the Automated Pre-Arrival Declaration and Mobile Inspection System for the Panama Canal Authority in 2003. In November 2007, the Company, as part of a consortium with dChain, secured a contract worth USD2.9 million to build an electronic documentation system for the Colon Free Zone Administration in Panama. The Panama Custom’s ICMS project is the second deal won in partnership with dChain, which specializes in the areas of Supply Chain Management, Trade and Logistics, and eBusiness Applications.
The ICMS, comprising major customs documentation modules, will be delivered over the next 12 months. The system will expedite customs documentation processing for importers and exporters, a process that is critical to Panama’s economy.
With global trade amounting to USD8 billion in 2007, Panama’s economy rests heavily on a well-developed service sector, which includes operating the Panama Canal, the Colon Free Zone, and other banking, insurance, container ports, flagship registry, and tourism services.
According to CrimsonLongic, future plans with dChain will focus on delivering a range of eGovernment solutions, not only in Panama, but also to other countries in Central America.