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Monday, May 20 2013 @ 03:31 AM EDT

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Torrijos Calls Upon Citizens to Go Vote

Canal Expansion (Source: La prensa) With just a few days remaining before the national referendum to decide the fate of the proposal to expand the Panama Canal, President Martin Torrijos called upon the people to get out and vote on Sunday 22 October. "I bet that we will have a sense of responsibility and that Panamanians will turn out to vote in mass, no matter how you choose to vote" said Torrijos, who has openly supported the proposal. "Go vote, my friends, exercise your right and show our children that we followed through, that we have a Panama that is more propserous and just after the 22nd of October" he said. Torrijos made his statements during a tour of La Chorrera, where he toured a road improvement project and handed out at least 500 land titles worth more than $2 million dollars. At the same event 269 scholarships were given to outstanding students valued at $68,430 and 30 certificates for a program called "Parvis Mejorado" worth $163,000 which will be used to repair houses in several areas of La Chorrera.
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ACP Obtains World-Wide Environmental Re-certification

Canal Expansion (Source: Critica) The Division of Environmental Administration of the Department of Security and Environment of the Panama Canal Authority (ACP) received yesterday, from the company Lloyds Register, re-certification of the System of Environmental Management under norm ISO 14001: 2004, as an expression of the continuous improvement and the adjustment of its processes to the changes in the international norm. Carlos Vargas, Temporary Director of the Department of Security and Environment of the ACP, said that among his responsibilities is the development of policies and programs pertaining to the environmental, the control of aquatic and terrestrial vegetation, the cleaning and control of vectors, the prevention and control of contamination, environmental monitoreo of the Hydrographic basin of the Panama Canal, and the administration of the water resources in the watershed. The ACP has delegated the responsibility of environmental control to the Division of Environmental Administration for activities and operations.
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Expanded canal 'is vital to Panama's prospects'

Canal Expansion By Adam Thomson in Panama City for the Financial Times: Panama's centre-right government has said that unless citizens support an ambitious project to expand the canal linking the Atlantic and Pacific oceans it will be difficult to continue efectively to tackle poverty. Samuel Lewis, the vice-president and foreign minister, told the FT: "No matter how good our country ratings are or how much people praise Panama for its prudent financial management, we wouldn't have achieved anything if we do not reduce poverty or create jobs - and the expansion of the canal is essential for that."
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U.S. Backs Observer Team for Panama Canal Vote

Canal Expansion (Source) By Eric Green Washington File Staff Writer: Washington -- The United States is providing $30,000 to an inter-American mission to observe an October 22 referendum in which voters in Panama will decide whether a proposed expansion of the Panama Canal moves forward, said the U.S. State Department and the Organization of American States (OAS). The OAS said in an October 11 statement that it will send a team of 16 international observers for the referendum in Panama The observers will be from the United States, Argentina, Bolivia, Canada, Colombia, Germany, Guatemala, Mexico, Paraguay, Suriname and Venezuela. In addition, more than 50 volunteers from the diplomatic corps based in Panama will be part of the electoral observation mission, the OAS said. Heading the mission is OAS Assistant Secretary-General Albert Ramdin. In addition to the U.S. contribution, China and South Korea each are providing the OAS observation mission $20,000.
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Canal Expansion Set to Pass in Panama

Canal Expansion (Angus Reid) A proposal to enact further developments to the Panama Canal will be successful, according to three recent public opinion polls. In a survey by PSM SIGMA Dos published in Crítica Libre, 72 per cent of respondents would vote in favour of the expansion plan. A study by CID-Gallup published in El Panamá América suggests that 73 per cent of respondents would support the proposal in this month’s referendum. A poll by Dichter & Neira published in La Prensa shows that 79 per cent of decided respondents will vote "Yes." In 1999, Panama regained full control of the all-important canal, the source of 10 per cent of the country’s Gross Domestic Product (GDP). In April, the Panama Canal’s board of directors presented an expansion plan, which seeks to add a parallel set of locks to allow giant cargo ships to pass through the waterway. The project will cost $5.25 billion U.S. which will be paid entirely by users through a graduated toll system. The expansion can only be enacted in a nationwide referendum, which has been scheduled for Oct. 22. If approved, the expansion project will take seven or eight years to be completed. On Sept. 20, Panamanian president Martín Torrijos discussed the expansion plan during his address to the United Nations (UN) general assembly, saying, "Just as Panama has been internationally acknowledge for the way it has administered the Canal, we also appear before this world body to reiterate that the Panama Canal will remain efficient, neutral and safe for the vessels of every country in the world."
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FRENADESO Accuses the ACP of Planning

Canal Expansion (Source: Critica) The National Front for the Defense of Economic and Social Rights (FRENADESO) again questioned yesterday the plan to expand the Panama Canal. They have transcripts from the last 86 meetings of the Board of Directors of the Panama Canal Authority (ACP) According to FRENADESO the ACP has been planning the canal expansion for years. FRENADESO says that the ACP is presenting incomplete or manipulated data to the Panamanian people with regards to the third set of locks. They accuse the ACP of creating a financial reserve years ago that as, as of 30 September 2005, $794 million dollars, and that this money was set aside to pay for the canal expansion. In addition they emphasize that that decision was applauded by the Meeting of Advisers in its meeting of June of 2005.
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Polls Show Almost 80% in Favor of Canal Expansion

Canal Expansion (Source: Prensa) The vast majority of Panamanians are planning to vote in favor of approving the referendum on the expansion of the Panama Canal, according to a survey conducted by the Dichter & Latin Neira Research Network, made from 6 to 8 October 2006. According to the nation-wide survey 79% would vote in favor of the extension and only 21% against. This poll was conducted through a mock vote in which 2,092 adults participated. Of those 71.4% said they "definitively" would vote on 22 October 2006, 5% said the "probably" would vote, and 7.6% were not sure if they were going to vote or not. In addition, 16% said they were "definitively not" going to vote and consequently they were not included in the mock vote. 1,758 people participated in the mock vote, and the poll has a margin of error of 2.4%.
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INDESA Says Bad Things Could Happen

Canal Expansion (Source: Panama America) All projects have risks. The plan to expand the Panama Canal has three: recession, world-wide inflation, and depreciation. The ACP have taken into account a contingency of $1.036 billion dollars with a base cost of $3.7 billion. Add those numbers together and plan for 2% annual inflation and it adds up to the $5.25 billion total estimated cost for the project. The consulting company INDESA alleges that a recession can happen during the construction of the third set of locks and if that happens then income projections can be flawed. Although planners have figured in inflation, there is always the chance that prices will rise in some sections more than others, and possibly more than projected. INDESA adds that although there are no analysts who anticipate a recession, if a recession occurs then most of the large projects in the world wouldbe effected and the cure would be the reconstruction of debt as it happened in the Latin American debt crisis.
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The "Yes" Vote Would Win by 72%

Canal Expansion (Source: Critica) If the referendum to expant the Panama Canal were held today the "Yes" vote would win by 72%. Those against are 21%, and 7% remains undecided. The poll was conducted by the company PSM Sigma Dos Panama at the request of Telemetro Reporta and La Critica. 1,214 people were polled between 29 September and 3 October 2006. The poll was conducted as a mock vote where people were asked to deposit a ballot into a box with their vote checked. With less than two weeks to go before the referendum, Panamanians seem to be leaning toward the "yes" vote. When asked the question "If you vote in the referendum, would you vote yes or no to expand the Panama Canal?" The Yes vote wins 74% to 19% with 7% not responding.
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Internal Taxes Will Not Be Used to Pay for Canal Expansion

Canal Expansion (Source: prensa) Rodolfo Sabonge, The Director of Cooperative Planning and Trade for the Panama Canal Authority (ACP), said that statements made by General James Stravridis, the new head of the Southern Command, were "totally false." Stavridis made a statement before the US Senate on 19 September saying that the plan to expand the Panama Canal will be partially financed by internal taxes on the Panamanian people. Sabonge said he had not idea where Stavridis got his information. Staviridis' remarks were published in La Prensa yesterday. Sabonge said that "he has no way of knowing, because he has had nothing to do with the subject," and reiterated that the project to expand the canal will be financed with toll increases. There were also references in the note yesterday to statements made by John Warner, the President of the Senate Armed Services Committee, in which he expresses "concern" that China might finances the expansion in order to gain "influence in the hemisphere". Last week President Martin Torrijos told the Wall Street Journal that Chinese investors could provide part of the external financing, some $2.3 billion dollars, needed to expand the canal which will cost some $5.25 billion overall. Sabonge indicated that external financing could come "from anywhere" and not just from China.
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Now Engineers are Acting Like Economists

Canal Expansion According to engineer Harry Strunz, if the managers of the Panama Canal raise tolls an average of 3.5% every year for the next 20 years the canal will become non competitive in about 2013 after having analyzed of toll raises conducted by the Suez Canal. Strunz says that it will be more difficult to raise tolls after the work is completed in 2014 or 2015 because ships will opt to use the Suez Canal, and the Panama Canal will lose its economic support, leaving the Panamanian public with a great public debt. Strunz noted that according to ACP projections about Suez canal traffic (2005 - 2025) raised their tolls 3% in February of 2005. The next toll raises for the Suez canal will be 5% in 2015 and 5% in 2025. Strunz points out that the ACP plans to raise tolls 36% in 2015 compared to the Suez Canal that will have only raised their tolls 5%. Based on his he concludes that it will be cheaper for ships to use the Suez canal than the Panama Canal in 2015. According to Strunz the board of directors of the ACP are not reliable. The ACP responds that the Panama Canal offers a time advantage and a 23% total cost for maritime shipping compared to the Suez Canal for Panamax ships which will still remain in place after the canal is expanded.
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Panama Canal accidents drop to lowest level in 2006 fiscal year

Canal Expansion (Source) The number of maritime accidents in the Panama Canal fell to a mere 10 in the 2006 fiscal year, equaling the 2004 level, the lowest annual total since 1923, the Panama Canal Authority (ACP) said on Wednesday. "We are continuing to break records in tonnage and the number of journeys by boats in the Panamax class," he said. According to Miguel Rodriguez, head of the ACP's inspectors committee, 14,194 boats had used the canal over the 2006 fiscal year, 14,011 in 2005, and 14,035 in 2004. In 1923, only 3,967 boats used the Canal. Source: Xinhua
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Corps tied to Panama Canal expansion plan

Canal Expansion (Source) By Business Columnist K.A. Turner: "PANAMA (Aug. 25) -- A tanker has paid $220,000 at auction to guarantee swift passage through the Panama Canal, rather than the usual $13,000, as the backlog of vessels waiting to transit the canal hits 83." Such is the traffic jam caused when one of the canal's locks needs maintenance work. The roughly 48-mile strip of water connecting the Atlantic and Pacific caused a sea change in ocean shipping patterns when it opened in 1914. Another such profound change could be in store if voters in Panama later this month approve a $5 billion-plus proposal to expand the canal. It is a proposal that has distinct Mobile ties. The Mobile office of the U.S. Army Corps of Engineers once had an area office in Panama, from which the corps managed work in Central and South America. When the canal reverted to Panamanian control in 1999, the corps moved its office, but Mobile continued to support the work of various U.S. agencies in the region. "Because of our consistent involvement there with the Panamanian government, and the corps' role in the original construction of the canal and the operation of it, they came back to us when they were considering expansion," said Bob Keyser, the retired district manager for the corps' Mobile office. (more...)
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An Interview with Ex-Vice President Guillermo "Billy" Ford

Canal Expansion Guillermo "Billy" Ford was the Vice President of Panama from 1989 to 1994. He is a leader of Panama's Nationalist Liberal Republican Movement (Molirena) political party. He served as Panama's Ambassador to the United States during the Moscoso administration. He became the international symbol of resistance to the dictatorship of Manuel Noriega when, during a protest against Manuel Noriega, dignity battalions attacked his car, shot and killed his bodyguard and beat Mr. Ford with a metal pipe. This event was caught on video and played out in news sources around the world, bringing worldwide attention to the brutality of Noriega's regime. Yesterday Juan Carlos Varela, the President of the Panameñista political party in Panama, announced that the party is officially against the proposal to expand the Panama Canal. Just a few days earlier, Billy Ford had declared strongly in favor of the canal expansion, saying that the proposal would be good for Panama and Panamanians, regardless of who happens to be in power. Since these two parties comprise a significant percentage of the traditional opposition movement and their public positions are in conflict, I wanted to hear Billy Ford's take on Varela's announcement.
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Panameñista President Declares Opposition to Canal Referendum

Canal Expansion (Source: Panama America) The president of the Panameñista political party in Panama, Juan Carlos Varela, came out this morning with the official position of his party with regards to the proposal to expand the Panama Canal and the upcoming national referendum to decide the issue. "I want to make it perfectly clear that as the President of the Panameñista party and as a Panamanian I am completely against this referendum and manner in which the government has managed this issue, imposing it on the people, avoiding an open and constructive debate on the topic of the canal," he declared. Varela indicated that the government should not ask the people to approve the plan without a commitment to improve their quality of life, and without a plan for national development. He added that if the constitution had been reformed in 2004 then today we would have had a project that was "properly bid" and that we would have known what businesses would have been involved in the construction of the third set of locks, which account for 65% to 70% of the total cost of the expansion project, which have been presented based on a design concept and not reality.
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Panama Canal referendum in three weeks

Canal Expansion (Source) Roxanne Stapleton, rstapleton@trinidadexpress.com: PANAMA will hold a referendum in three weeks to decide whether the Panama Canal will be expanded. However, Enrique Sanchez, manager of the Contracting Division of the Panama Canal Authority said yesterday that polls conducted across the Central American country, have shown overwhelming support for its expansion. If the project gets the green-light, it will be self financed at an estimated cost of US$5.25 billion. Gross revenue generated by the Canal for fiscal 2005/6 (fiscal year ends September 30, 2006), reached US$1.4 billion, with the Panamanian Government netting approximately US$600 million of that figure. "The Panama Canal has turned out to be a very good business for the Panamanian people...it may not be as much as oil business, but it is very good business," he chuckled. "The plan is to raise tolls on the Canal between three and four per cent over the next 20 years gradually...in other words the customer pays for the expansion. "And then a small part of the expansion, will require borrowing about US$2 billion, from international financial institutions, to be repaid also by the tolls," Sanchez said.
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Canal expansion wins voters

Canal Expansion (Source) From correspondents in Panama City: An ambitious $US5.25 billion ($6.99 billion) plan to expand Panama's famous canal is expected to win voter support in a referendum next month despite fears that costs could spiral and threaten the poor nation with bankruptcy. Polls show some two thirds of voters, hoping for a jobs bonanza, support the widening of the canal as opposition to the canal's first major overhaul since it opened in 1914 has lost steam. The canal, which initially cost $US375 million and 25,000 lives nearly a century ago, carries four per cent of world trade on a shortcut between the Pacific and Atlantic Oceans, saving ships a long haul around South America and the dangerous Cape Horn. But many modern ships are too bulky to fit into its narrow locks, meaning Panama has to expand them or lose business to competitors like the US intermodal system of ports and cross-country rail links. The Panama Canal Authority (ACP), which runs the waterway, warns the route will become log-jammed in seven years if nothing is done. The current plan would double capacity. "The ability of the canal to compete with other routes and alternative methods of transport depends on its expansion," President Martin Torrijos said yesterday. "The canal is important not only for Panama but also for world trade."
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Will the National Referendum to Expand the Panama Canal Pass?

Canal Expansion On Sunday, 22 October 2006, Panamanians will go to the polls to decide the fate of the Panama Canal Administration's proposal to expand the Panama Canal and add a third set of locks. The expansion would allow for much larger ships to use the canal. Much of the excavation is already done, started by the United States in 1939 but then halted at the outbreak of World War II. Almost every important political leader in Panama has announced their support for the plan. There have been several groups that have split over the proposal because their leadership is against the proposal for political reasons but the main body of the organization is not in agreement with the leadership, such as in the case of the SUNTRACS labor union. When these splits have occurred the break is about 3 to 1 in favor of the expansion. The election is in four weeks, and polling indicates that those who were undecided are tending to make up their minds in favor of the expansion. (more)
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Panama Canal expansion could help US cargo flow

Canal Expansion (Source: Latin Business Chronicle and The Bulletin Panama) The Bulletin Panama: The Panama Canal expansion will also benefit US ports, a new study says. Expansion of the Panama Canal and increases in all-water services to the US east coast will alleviate some of the pressure on the US west coast. This view is expressed in a new study that has forecast North American container port demand nearly double in 10 years with most pressure falling on Pacific Coast ports. UK-based Ocean Shipping Consultants predicts demand to increase by up to 85 per cent to 85.7m TEU over 2005-15, and by a further 31 percent to 112.3m TEU over 2015-20. Even an increased-risk/protectionist scenario, incorporating a significant downturn in GDP expansion over 2011-15, would yield a container port demand increase of 55 percent to 71.8m TEU over 2005-15, with 25 percent growth over 2015-20, to 89.7m TEU. In its report Containerport Markets in the Americas to 2020 OSC notes: "Growth in American containerport demand has accelerated in recent years. This has been driven by the globalisation of the world economy and the rise of China as the world's manufacturing centre. Booming imports from Asia and the above-average economic growth of western US states have put particular pressure on ports on North America's Pacific seaboard." But OSC says that there are concerns about the capacity of these ports and associated intermodal systems to handle continued long-term growth in demand although the expansion of Panama Canal capacity and increases in all-water services to the east coast will alleviate some of the pressure. The development of ports on Mexico's Pacific seaboard and new intermodal connections into the US heartland could offer a further option OSC observes. "However," says OSC, "future growth will continue to fall heavily on the US Pacific ports themselves. Both expansion and increased productivity will be needed to boost container handling capacity. Achieving these will depend on the resolution of environmental concerns and labour issues. Republished with permission from The Bulletin Panama.
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Panama Canal capacity expected to rise 42 percent in two decades

Canal Expansion Cargo traffic through the Panama Canal will rise 42 percent in the next 20 years, the Panama Canal Authority (PCA) forecast in a report published on Monday. The PCA said it planned to raise the capacity to 520 million tons from 280 million tons to satisfy this demand, while warning that without such an increase canal traffic might reduce by 23 percent due to competitions from transpacific shipments, the U.S. intermodal system and Egypt's Suez Canal. According to the PCA, intermodal traffic would rise 65 percent while Suez traffic would surge 12 percent if the capacity increase of the Panama Canal is shelved. On Oct. 22, Panamanians are to vote in a referendum on the canal's capacity increase. The PCA, which took control of the canal on Dec. 12, 1999, estimates that the world fleet of Postpanamax boats -- those too big to pass the canal -- will reach 670 by 2011, representing a total of 4.6 million tons, or 37 percent of the world's container capacity. Source: Xinhua
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An Interview with Ariel, the Cab Driver

Canal Expansion This afternoon I had to go back to the clinics at the National Hospital to have the bandages changed on my foot after some minor ambulatory surgery last weekend. With my foot the size of a football I couldn't drive so I took a cab over and back. During the return trip I stumbled upon something that is becoming relatively rare - someone who is genuinely leaning toward a "no" vote on the upcoming referendum on the Panama Canal. Since we were going to be spending some time together in the car anyway, I struck up a conversation on the topic and tried to unravel his logic in order to better understand his position. I was actually delighted to find someone who was not a politician but who had some serious lingering questions about the project. He didn't say he was going to vote no in the referendum, but did indicate that he was solidly in the "undecided" column. Here's the gist of our conversation and the things he's thinking about.
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Panama Canal Board Chariman Speaks in Tokyo

Canal Expansion (Source) PANAMA CITY, Panama, September 25, 2006 – Panama Canal Authority (ACP) Board Chairman and Concurrent Minister of Canal Affairs Dr. Ricaurte Vásquez Morales spoke at a private-sector forum hosted by the Inter-American Development Bank (IDB) and Japan Bank for International Cooperation (JBIC) in Tokyo, Japan last Friday, September 22. Dr. Vásquez briefed forum participants on the Panama Canal expansion proposal, as well as highlighted investment and business opportunities in the areas of infrastructure, multi-modal transportation, information technology and logistics. The forum was designed to strengthen and develop partnerships between business leaders in Latin America and the Caribbean with their counterparts in Japan and other East Asian countries. The target audiences of the forum were business leaders from Asia and Latin America and Japanese government officials, as well as representatives of the Latin America and Caribbean and East Asian diplomatic corps. “Many of the Canal’s top 10 customers come from Asia and Latin America and as such, this was a perfect opportunity to discuss business synergies and opportunities for closer cooperation and integration between the two regions,” said Dr. Vásquez.
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EDC facilitates Canadian participation in major Panama projects, including Canal expansion

Canal Expansion (Source) PANAMA CITY, PANAMA, Sept. 25 /CNW Telbec/ - Export Development Canada (EDC) and the Republic of Panama today signed a Memorandum of nderstanding (MOU) to facilitate Canadian participation in the future expansion of the Panama Canal and other large-scale projects in that country. The MOU assists EDC in planning a multi-million dollar credit facility with Panama that will facilitate the purchase of Canadian goods and services for Panama's infrastructure development. Key among these projects is the planned expansion and modernization of the Panama Canal, representing one of the world's largest infrastructure projects at an estimated cost of more than USD 5 billion. "EDC will help Panama finance projects that contribute to the social, environmental and economic fabric of the country," said Robert Forbes, Vice-President of EDC's International Business Development Group, who today signed the MOU with Samuel Lewis Navarro, First Vice President and Minister of Foreign Affairs of the Republic of Panama, Carlos Vallarino, Minister of Economics and Finance of the Republic of Panama and Romy Vasquez, Panama's Ambassador to Canada. "Our participation will increase opportunities for Canadian exporters and investors in Panamanian transactions in areas such as water management, natural resources, transportation, energy and information technology." (more)
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Molirena Political Party Supports Canal Expansion

Canal Expansion Another major political party in Panama, the National Liberal Republican Movement (Molirena) came out in support of the proposal to expand the Panama Canal over the weekend. Panamanians will go to the polls on 22 October 2006 to either approve or reject the plan. All of the political parties with large followings have voiced their support for the plan, and only fringe elements and small groups of radicals and antagonists are opposing the plan. This is just one more announcement from a smaller but still siginificant political party is yet another indication of the margin of support for the referendum, which by all appearances will pass by a landslide.
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"It's Already Dug"

Canal ExpansionThis week at the CAPAC Expo Habitat in Atlapa I was talking to a banking executive who recently attended a presentation about the proposal to expand the Panama Canal. He said that he was already planning to vote in favor of the expansion, but after having seen the presentation he was even more excited about Panama's future. One interesting comment he made to me was "it's already dug." The United States started excavation on the canal in 1939 and stopped when World War II started. The new locks will be built in the same location as the 1939 dig so much of the excavation is already done. See the photo below.
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Panameñistas and PRD, Hand in Hand

Canal Expansion (Source) Members of the Panameñista Party which represents those who mainly comprised the Government of Mireya Moscoso, announced their support for the expansion of the Panama Canal. Ex-presidential candidate José Miguel Alemán said he was proud of the project and said that much of the work for the expansion was done during the last administration. He said that the country should prepare for the future in a responsible way to give hope to a new generation of Panamanians; to vote against the proposal would not offer anything to the nation and would be a choice to continue with the present problems. The ex- vice-minister of Economy, Domingo Latorraca, described the project as well structured the project, from an engineering, environmental, and financial point of view and that "it very well could provide important resources to Panama."
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Support builds up for Panama Canal expansion

Canal Expansion (By Chris Kraul, Los Angeles Times) PANAMA CITY, Panama - Voters' support is building for expansion of the Panama Canal, a five-year, $5.2 billion project that could ease crowding at the Los Angeles-Long Beach port complex. Recent polls show that support for the plan, which goes to a nationwide vote Oct. 22, is at nearly two-thirds of those intending to cast ballots. Approval has risen 6 points in the past month, and some say the public has put aside initial fears that graft and indebtedness could swamp the nation's most important resource and symbol. ``It's our Statue of Liberty and Golden Gate Bridge all in one,'' said pollster Leopoldo Neira, whose firm published an opinion survey in the local La Prensa newspaper Sunday that showed yes votes among probable voters outnumbered no 63 percent to 33 percent. The wild card is the generally negative results of past Panamanian votes, Neira said, a reflection of ingrained public distrust of the government. Still, he believes only a major scandal tainting the government of President Martín Torrijos could scuttle the vote.
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Panama Canal Orientation Video

Canal ExpansionThanks to my friend Bob Askew for sending me a link to this video which anyone who is interested in Panama or the Panama Canal should really not miss. This is an important work and even though its a short video clip it's worth watching because of the value of its content. This is the most informative graphical presentation of the relevance of the Panama Canal that I have ever seen. It's true value is the ability to take a technically complex issue and present the information in such a way as to make it relevant to people who are not technically oriented or who don't have a background in engineering. In short, this video is highly recommended, rated at five-stars, and categorized as "don't miss."
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FM George Yeo visits Panama Canal

Canal Expansion (Source: Channel NewsAsia) By Sharon Tong, SINGAPORE : Foreign Affairs Minister George Yeo has concluded a visit to Panama. He visited the Panama Canal and underscored the importance of the canal to global trade. Mr Yeo said the proposed project to widen the canal and increase its ship-handling capacity was a positive development for Panama and the rest of the world. He met with the President of the Chamber of Commerce, Industries and Agriculture and discussed the potential for further cooperation between the countries. Mr Yeo also shared his views on Singapore's experience in education and research and development in biotechnology.
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Put Your Hands On The Radio!

Canal Expansion "If you can hear my voice, then Jesus loves you." This morning I was driving in the car and scanning through the radio stations looking for something interesting. I came across a talking-head program on 104.7 Radio Tipico and listened to the main proponents of the FRENADESO movement arguing their case to get people to vote "No" in the upcoming national referendum to either approve or rejoect the proposal to expand the Panama Canal. After listing to these people I think I can safely say that the expansion will be approved by a healthy margin. I was quite simply shocked at the way they blatantly used every possible tactic to mix up messages, confuse, confound, and to play on the prexisting fears of relatively ignorant people. Every two minutes or so one guy would repeat the number of their bank account at the Multicredit Bank asking for listeners to make a deposit to help them continue their fight. The one thing that became absolutely crystal clear in listening to these people is that anyone with a working brain will see right through them, and if anyone who is still undecided would most likely to be convinced to vote in favor of the referendum after spending a few minutes listening to these knuckleheads. The sad part is that I'll bet they are getting rich by taking money from poor people and they are happily getting away with it. Politicans are usually fun to watch but not in this case. This was sad.
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