Panama Canal announces US$32 billion investment to improve competitiveness

Over the next 10 years, the Panama Canal will implement an investment and project portfolio of close to US$32 billion to strengthen the business' long-term sustainability, improve its competitiveness, and contribute to the country's economic growth, the institution announced.

RIO DE JANEIRO, BRAZIL - This investment plan, which highlights the contribution of the workforce, comprises the implementation of a decarbonization program of operations and water projects, the latter aimed at supplying water to the country's population and the operation of the waterway.

It also includes digital transformation through the incorporation of new information technologies to streamline processes.

Last March, the Canal announced its goal of becoming carbon neutral by 2030, in line with the global commitments established by bodies such as the United Nations and the World Maritime Organization.

By offering a shorter route, the Panama Canal encourages ships . . .

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