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Medina to travel to Panama for canal expansion opening

President Danilo Medina leaves for Panama on Sunday, 26 June 2016 to attend the inauguration of the US$5.3billion expansion of the Panama Canal. The new locks will allow bigger ships to pass through the 102-year-old 77-km waterway that connects the Atlantic and Pacific oceans.

Representatives of multilateral organizations including the UN and SICA will be present, along with presidents Michelle Bachelet of Chile, Luis Guillermo Solis of Costa Rica, Juan Orlando Hernandez of Honduras, Horacio Cartes from Paraguay, Hashim Thaci from Kosovo and Tsai Ing-Wen from Taiwan.

King of Spain Juan Carlos I and the prime ministers of Portugal, Antonio Costa, Barbados, Freudel Stuart, Curacao, Bernard Denzil and Jamaica’s Andrew Holness’ attendance has also been confirmed, according to the Panamanian Ministry of Foreign Relations. Overall, delegations from 62 countries are expected.

The expansion means that large Neopanamax vessels with the capacity to carry 12,600 containers, almost three times as much as the existing locks permit, will be able to pass through the Panama Canal. It can also now handle tankers carrying liquefied natural gas, which should be able to reach Asia from the US Gulf Coast more than two weeks faster than it currently takes them going east through the Suez Canal.

Source: DR1, DiarioLibre

June 23, 2016

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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