ACP CEO Presents Progress of Expansion
PANAMA CITY, Panama, October 28, 2009 – The Permanent Council of the Organization of American States (OAS) applauded Panamanian management of the Panama Canal during a meeting held at its Washington, D.C. headquarters October 14. During the meeting, Panama Canal Authority (ACP) Board Chairman and Minister for Canal Affairs Rómulo Roux and ACP Administrator/CEO Alberto Alemán Zubieta (pictured left) presented the latest updates on the Panama Canal Expansion Program and discussed the expected benefits of the project on the Latin American region and global maritime industry.
The session also commemorated the 30th anniversary of the ratification of the Torrijos-Carter Treaty, which transferred control of the Canal from the United States to Panama. OAS officials, including Secretary General José Miguel Insulza, praised the Panamanian delegation for the Canal’s successful transition during the handover to Panama and the ACP’s efficient management and operation of the waterway.
About the Panama Canal Authority (ACP)
The ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP’s Web site: http://www.pancanal.com/.