(Super Bowl Party) 
(Program Monday)
(Inauguration & Exposition) 
(Program Tuesday) 
(Dinner) 
(Field Trip) 
(Media Coverage)  
(Sponsor Recognition)

Hemispheric Expo-Conference on Multi-modal Transportation

General Information
Panama is located at the South Eastern end of the isthmus forming the land bridge between North and South America. “The Eighth Wonder of the World,“ the Panama Canal, that joins two important oceans (the Pacific and the Atlantic) has become a bridge of worldwide commerce and the heart of the efficient multi-modal system of transportation of Panama. 

 

Key Facts

  • Dollar based economy

  • Low inflation

  • International Financial Center with more than 100 banks

  • Largest free trade zone in the hemisphere

Advantages offered by Panama

The advantages Panama offers as a world center for multi-modal transportation are supported by the following assets:

  • Panama Canal which unites the Pacific and Atlantic Oceans, and is in the process of expanding in order to fit future user requirements

  • Development and modernization of the ports system

  • The Colon Free Zone and the new multi-modal logistics center (Cemis)

  • Modernization of the Trans-isthmian railroad, joining the ports in the Pacific and Atlantic

  • International Airport of Tocumen and its facilities

  • Construction and connection of the Northern and Southern Corridors

  • Construction of the second bridge over the Canal and access roads complementing the Bridge of the Americas

  • Development of Howard and its surrounding areas

  • The cruise lines selection of Panama as a tourist destination, taking advantage of the development of eco and historical tourism

  • Support provided to the transportation sector through its telecommunications gateway, the Banking Center, the Insurance and Re-insurance Center, modern hotels, the merchant marine system, maritime legal services and the availability of qualified personnel.

Considering that many of these assets have been recently built, modernized, or in the process of development, and recognizing the vocation of Panama as an international business center, the United States-Panama Business Council (USPA) will host Centennial Expotrans 2003 in January 2003 as part of the country’s Centennial celebration.



Bridges - Bridge of the Americas
The road and bridge network which connects the inter-modal system of transportation is being expanded and improved with the second bridge over the Panama Canal and access roads linking with the North and South Corridors. The investment in the new bridge and access roads, which will exceed $250 million, will connect all of the components of the inter-modal system of transportation and provide easier access to the Western part of the country.

Railroad - Panama Canal Railway
The newly refurbished state-of-the-art Trans-isthmian railway connects all ports on the Atlantic to the port of Balboa on the Pacific side. The Panama Canal Railway adds to the increasing efficiency of the multi-modal system of transportation by allowing cargo ships to load their cargo onto the railway at the end of the Canal and collect it at the other end, saving time and money.

The Panama Canal - Widening of the Canal
At present the Panama Canal is considering an ambitious expansion program that may incorporate a new watershed in the western area of the Canal, deepening the ship channel, and eventually building a third set of locks to accommodate the new generation of container ships. The total investment of this project may total close to $10 billion over a period of ten years.

Roads - Northern and Southern Corridors
The Road network that connects the inter-modal system of transportation is being expanded and improved with access roads, the extension of the Northern Corridor and the linking of the Northern and Southern Corridors.

Ports
Consistent with its historic role when Panama hosted the main ports in the Atlantic and Pacific connecting South America with North America and Europe, the country has developed an impressive port infrastructure for cargo anchored by MIT, Evergreen, Cristóbal in the Atlantic, and Balboa in the Pacific. The Port of Colón which hosts the terminals of MIT, Evergreen, Cristóbal and CTT has become the #1 container port in Latin America. In addition, Colon 2000 in the Atlantic and Amador Resort and Marina in the Pacific are ports specialized in cruise passengers that have began operations recently and incorporated the increasing cruise traffic through the Canal.

Colon Free Zone
The Colon Free Zone initiated operations in 1948. It has become the largest free zone in the Western Hemisphere and is now second in the world only to Hong Kong. Originally created as a means to modernize Panama’s economic infrastructure and to encourage regional trade, the Free Zone has since developed into a major world logistics center, as well as becoming the generator of a significant portion of the country’s gross national product.

Air Transportation - Howard
Panama has adopted an “open skies” policy, anchored by Tocumen Airport, which has been instrumental in the expansion of air travel. In addition, Copa Airlines / Continental Airlines joint venture in addition to the scheduled flights of American Airlines, Delta Airlines, TACA and others has made Panama an air travel hub with expanded connections to North, Central and South America, and the Caribbean. The development of the “Howard Hub” in the Pacific and the CEMIS project in the Atlantic Coast, with initial investment of over $2 billion, will provide first class air cargo facilities to support the industrial and commercial development of these two new trade zones and also make the Colon Free Zone more accessible to air transportation.