Happy Monday! Welcome back to another week of ESC News Blog!
Well, you know we love an update
and last February the Panama Canal Authority announced they were planning on
spending $8.5 billion for their capital investment budget over five years to aid
in their net-zero goals by 2050 and help with the sustainability of this important
waterway. (Please see our Blog last February
for details.) Well, looks like they
found a first step in a plan for keeping the country’s population and the waterway
drought resistant.
Did anyone
happen to read gCaptain Daily Newsletter on February 28, 2025, their
article titled, “Panama Canal Advances Rio Indio Reservoir Project to Secure
Water Supply After Historic Drought”? The
article speaks in regard to the Panama Canal Authority’s recent announcement they
have officially earmarked money for the building of a new reservoir in the Rio
Indio Basin or Resolution No. ACP-JD-RM-25-1542. The Rio Indio Basin project is a major part
of their Water Projects Program which was brought about because of the 2023
-2024 drought which effected the region and slowed the transits thru this important
waterway and the communities around the canal.
The Panama Canal Authority anticipates the project will take six years
to completion. They will be relocating
families which lived in the region for generations away to other areas and will
be financially compensating them and other affected landowners in the region for
their property. Last August there was a
survey started which is collecting information on the community members in the
area and it is expected to wrap up by the end of April 2025. The Panama Canal Authority has been trying to
involve the community by having meetings and opening community relations offices
in the affected regions. Well, this
sounds like a huge undertaking! We wish
them luck in making this important waterway draught resistant! If you would like to read more of gCaptain’s
article, please click the link: Panama Canal Advances Rio Indio Reservoir Project to Secure Water Supply After Historic Drought.
If you would like help in looking into how to update your terminal and docks, contact us via email in the Blog and check out ESC's website for contact information!
We hope you have a wonderful evening, and a great rest of
your week!
**Disclaimer: You may be charged a fee to read the gCaptain’s
article. **