Thursday , January 28 2021

The water supply will define the expansion of the Panama Canal, say the administrator



This summed Quijano to Efe its perspective on crucial issues for the waterway, which in the financial year 2018, completed on September 30, had an increase in tonnes "of 9.5 percent", that is to say the 403, 8 Thousands of tons moved in 2017 rose to around 442 million tons.

The project was to move 423.4 million tonnes in 2018.

In revenues, the jump was "almost 5 percent", which would imply an expansion of 3,037.5 million for 2018 to 3,189.37 million dollars in real numbers.

"We do not know yet what the final contribution (for the State) will be, but that is decided by the Board of Directors at the December meeting, but it will be more than last year, there will be something additional," he said.

In 2017, the contribution was of 1,650 million (it was of 1.593 million dollars as a budget) and for the 2018 budget it is estimated that it would amount to 1,659.2 million dollars.

Quijano attributed this success in part "thanks to the exercise of advanced sales to avoid fallen rates" applied by the United States in its commercial war with China.

In 2025 the construction of a fourth set of blocks, including Quijano, was considered in September 2016, it announced the creation of a team to study the subject, which conditioned the "demand" of the market, but in 2014 the company China Harbor Engineering The company ( CHEC) expressed interest in the work.

"The fourth set of locks will depend mainly on one factor, and it is water, if there is no water, we forget the fourth set of blocks, the demand will be there, but we must adjust how the demand is being made," he said.

This is based on the fact that "in the 90's most important was the movement of grains, before being tankers, today they are container vessels, but tankers occupied second place when it adds gas carriers to petroleum and gas products Of petroleum, all of these add more than the bulk carrier. "

The third set of blocks "reflects a ship size centered on the container carrier and, coincidently, there are those of liquefied natural gas, that is, the capacity to adapt to our infrastructure and business models are those that gave us the ability to to move in a business that is very rigid. "

"Our infrastructure is not one thing that is built from one day to the next, it took them 9 years to expand, it is not the same as every three, four months, you make a chip to build a new block that will take another 8 years," he said. .

Regarding the proposal to open Gap Darién, the only land section where the Pan-American road is interrupted on its route from Alaska to Tierra del Fuego, said that "it makes sense."

The plug, at the limit with Colombia, "served its purpose" against the spread of diseases, drug trafficking, irregular migration, so "before" thinking of opening it requires a plan "to avoid these anomalies and also take care of or environmental aspect.

"You communicate to a large producing country (Colombia) that you could use our channel as your point of export more than your ports, so there is a great potential there," but "there is a commercial barrier that we have to solve right now. , it is useless to open the door to Colombia to use and even Colombia does not give us this opportunity, "he added.

Sentenced that "seeing from a strictly commercial point of view makes every sense of the world".

On arbitrations, according to the Spanish Sacyr, who runs the consortium that built the third block of 5,673 million dollars, Quijano said that at the end of the year he does not believe that "there is no new development."

"There is still a lot of material to cut into these matters, we just know something if we go ahead with one of the referees, we still have arbitrations in January in Miami, exact dates that we do not have yet, but the result will not be seen, therefore, complicated that these Arbitrations are, at least eight to ten months before the arbitrators decide on these issues, "he argued.

The administrator said they are "getting ready very well for that" and they expect "to succeed."


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