Last Friday the Panama Canal marked 111 years of operations, renewing its commitment to a sustainable future through a water strategy focused on public well-being and an operational vision that enhances the country's logistical competitiveness.

Since the waterway's inauguration in 1914, with the historic transit of the steamship Ancn, which, for the first time, connected the Pacific and Atlantic Oceans, the canal has been a driver of Panama's economic and social development while also a transformer of global maritime trade.

This impact has grown over the past 25 years under Panamanian administration, during which the interoceanic waterway has contributed B/. 28.266 billion in direct payments to the National Treasury, in addition to B/. 15 billion investments in capital projects, operational maintenance, and watershed management.

"In 25 years under Panamanian administration, the canal has doubled its capacity, expanded its locks, and strengthened its security. It has grown from being a strategic passage to a model of efficiency, transparency, and technical commitment. Every dollar generated is reinvested to ensure this artery continues to beat in service to the world while any surplus is contributed towards Panama's social development," stated Canal Administrator Ricaurte Vsquez Morales.

On its 111th anniversary, the Panama Canal reaffirms its role as a driver of sustainable development, committed to Panama, its people, and world commerce.

Source: Panama Canal Authority

 

Back