Friday, December 3

ACP plans investments to guarantee a sustainable future for the Canal, which includes the use of electric vehicles

The Panama Canal Authority (ACP) announced that it is working on establishing a roadmap for the next decade, outlining the projects it will implement to achieve carbon neutrality by 2030, from generating electricity through renewable sources to the migration of its fleet to electric vehicles and hybrid tugs.

The Canal will also invest $ 2.8 billion in maintenance, and $ 500 million in digital transformation by incorporating new information technologies that allow streamlining processes to maximize their capacity and value offered to customers in the coming years.

This investment plan includes the execution of the decarbonization program in the operations and that of water projects, the latter aimed at supplying water for the country’s population and the operation of the road. It also includes digital transformation

The Canal must ensure the availability of water for the population and the operation of the road. This is because the climatic variability in the last decade has affected the Hydrographic Basin. For it, advances a water program that estimates an investment of $ 1,900 million until its entry into operation in 2028.

The Canal advanced that it will also explore a pricing strategy that promotes efficiency and low carbon emissions of the ships that transit the interoceanic route, in addition to participating in the next meetings of the United Nations Conference on Change (COP26) and the Marine Environment Protection Committee of the World Maritime Organization (MEPC77).

In the results report at the end of the fiscal year, The Panama Canal highlighted that it also made progress in its commitments to accelerate decarbonization shipping in fiscal year 2021.

In January 2021, The Panama Canal announced the creation of the CO2 Emissions Board, which calculates the carbon dioxide (CO2) emissions saved by ships that choose to transit the interoceanic route on the most likely alternative route.

The Canal pledged in April 2021 to become carbon neutral by 2030, with plans already underway to invest approximately $ 2.4 billion in modernizing its equipment and infrastructure to meet this goal.

In the next 10 years, the Canal’s goal is to provide direct contributions to the National Treasury for an approximate amount of $ 21.5 billion. In this way, the waterway will fulfill its constitutional responsibility to operate in a safe, continuous, efficient and profitable manner, fostering growth and opportunities for the country. In the first 20 years of Panamanian administration, the Canal contributed $ 18,642 million.

The ACP announced that in the following weeks it will unveil its roadmap for the next decade.

The Panama Canal closed its fiscal year 2021 with an annual record of 516.7 million tons CP / SUAB (Universal Canal Vessel Tonnage System), an increase of 8.7% compared to fiscal year 2020 and 10% above the tonnage registered in 2019, the last fiscal year before the pandemic.

Darsy Santamaria Vega

[email protected]

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