update on the panama canal expansion program · cortes castilla cabezas quetzal barrios santo tomas...
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Update on the Panama CanalExpansion ProgramUpdate on the Panama CanalExpansion Program
Rodolfo SabongeVicepresident, Market Research and [email protected]
Rodolfo SabongeVicepresident, Market Research and [email protected]
AgendaAgenda
• Traffic AF2007
• Alternative Routes
• Expansion Program Components, Scope & Time Line
• Locks Contracting Plan
• Traffic AF2007
• Alternative Routes
• Expansion Program Components, Scope & Time Line
• Locks Contracting Plan
Transits vs. PC/UMS Tonnage FY1915 – FY2007
Transits vs. PC/UMS Tonnage FY1915 – FY2007
Fiscal Year
PC
/UM
S To
nn
age
in M
illio
ns
Tran
sits
PC/UMS
Transits
AF 1955AF 1955
4,832
AF 1975AF 1975
9,931
AF 1995AF 1995
18,940
AF 2007AF 2007
23,591
312.2
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
1915
1917
1919
1921
1923
1925
1927
1929
1931
1933
1935
1937
1939
1941
1943
1945
1947
1949
1951
1953
1955
1957
1959
1961
1963
1965
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
14,721
PC/UMS Tonnage of Commercial Transits
Principal Routes - FY 2007Principal Routes - FY 2007
82.6 MLT39.6%
82.6 MLT39.6%
East Coast US AsiaEast Coast US Asia
PRODUCTS MLT %Containers 26.5 32.2Grains 23.0 27.9
20.5 MLT9.8%
20.5 MLT9.8%
West Coast South America East Coast US
PRODUCTS MLT %Petroleum and prod 6.1 29.9Dry Bulks 3.8 18.6
Principal Routes - FY 2007Principal Routes - FY 2007
West Coast South America EuropeWest Coast South America Europe
15.2 MLT7.3%
15.2 MLT7.3%
PRODUCTS MLT %Containers 5.0 32.6Refrigerated fruit 3.4 22.3
Principal Routes - FY 2007Principal Routes - FY 2007
Principal Commodities that Transit the Panama CanalFiscal Year 2007
Principal Commodities that Transit the Panama CanalFiscal Year 2007
0.52.12.3
4.14.85.15.15.76.27.2
13.013.4
14.732.133.0
58.6
0 10 20 30 40 50 60 70Miscellaneous Dangerous GoodsMiscellaneous Dangerous Goods
Animal/Vegetable Oils and FatsAnimal/Vegetable Oils and FatsOther Agricultural ProductsOther Agricultural Products
MineralsMineralsMachinery and EquipmentMachinery and Equipment
Canned/Refrigerated ProductsCanned/Refrigerated ProductsWood and ProductsWood and Products
Nitrates and PhosphatesNitrates and PhosphatesCoalCoal
Iron/Steel Manufactured ProductsIron/Steel Manufactured ProductsGeneral CargoGeneral Cargo
Chemicals and PetrochemicalsChemicals and PetrochemicalsMetals and OresMetals and Ores
Petroleum and ProductsPetroleum and ProductsGrainsGrains
Containerized CargoContainerized Cargo
Long Tons in millionsLong Tons in millions
10
20
30
40
50
60
70
80
90
100
110
120
130
140
150
160
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
PC/UMS by Market Segment(in millions - FY 1995-2007)
PC/UMS by Market Segment(in millions - FY 1995-2007)
Containerships
Dry Bulk
Liquid Bulk
General Cargo
Reefers
Passengers
Vehicle Carriers
Others
ContainershipsContainerships
Dry BulkDry Bulk
Liquid BulkLiquid Bulk
General CargoGeneral Cargo
ReefersReefers
PassengersPassengers
Vehicle CarriersVehicle Carriers
OthersOthers
Growth of container traffic throughthe Panama Canal (1997 - 2007)
Based on the capacity of transiting vessels – Source: CompairData
0
500
1000
1500
2000
2500
3000
3500
4000
Tran
sits
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Transits (1,302 - 3,622)
Based on the capacity of transiting vessels – Source: CompairData
0
500
1000
1500
2000
2500
3000
3500
4000
Tran
sits
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 20070
2
4
6
8
10
12
14
16
Mill
ions
of T
EUs
Transits (1,302 - 3,622)
Capacity TEU (2.5M-13.8M)
Growth of container traffic throughthe Panama Canal (1997 - 2007)
International Ports Connected through the Panama Canal
International Ports Connected through the Panama Canal
Source: ACP and ComPairData, 2006Source: ACP and ComPairData, 2006
SavannahSavannahYantianYantian
KwangyangKwangyang
Hong KongHong Kong
PusanPusan
SavannahSavannahKeelungKeelung
WilmingtonWilmingtonPusanPusan
NJ/NYNJ/NY
RotterdamRotterdam
Le HavreLe Havre
HalifaxHalifax
FelixstoweFelixstowe
Long BeachLong BeachLos AngelesLos Angeles
BremerhavenBremerhaven RotterdamRotterdam
KaohsiungKaohsiung
CharlestonCharleston
NagoyaNagoya ThamesportThamesport
OaklandOakland
SeattleSeattle
TokyoTokyo
ColomboColombo
ShanghaiShanghai
YokohamaYokohama
Newport NewsNewport News
HakataHakata Manzanillo (Mx)Manzanillo (Mx)
RotterdamRotterdam
KobeKobe
OsakaOsaka HamburgHamburg
ShimizuShimizu Port SaidPort Said
ZeebruggeZeebrugge
ChabangChabang
TahitiTahiti
AucklandAuckland
DoniamboDoniambo
BrisbaneBrisbaneSydneySydney
MelbourneMelbourne
Tanjung PriokTanjung Priok
SingaporeSingapore
MarseillesMarseilles
La SpeziaLa Spezia
TilburyTilbury
DunkerqueDunkerque
QingdaoQingdao
BuenaventuraBuenaventuraGuayaquilGuayaquil
CallaoCallaoAricaArica
CoquimboCoquimbo
San AntonioSan AntonioSan VicenteSan Vicente
Puerto LimónPuerto Limón
IquiqueIquique
MantaManta
AntofagastaAntofagastaValparaísoValparaíso
..
BalboaBalboa
AntwerpAntwerp
ItajaiItajai
SavannahSavannahBaltimoreBaltimore
New OrleansNew Orleans
ParanaguaParanaguaSantosSantos
Puerto CabelloPuerto Cabello
VeracruzVeracruz ManzanilloManzanilloColon Colon
CartagenaCartagenaLa GuairaLa Guaira
GuantaGuantaMaracaiboMaracaibo
EvergladesEvergladesKingstonKingston
MiamiMiami
Transit the CanalFeeder services that don´t transit the Canal
BostonBoston
Servicios de Línea de la Región del CaribeJulio 2007
Servicios de Línea de la Región del CaribeJulio 2007
FuenteFuente: : CompairCompair Data, Julio 2007Data, Julio 2007
PANAMA
COSTA RICA
GUATEMALA
EL SALVADOR
HONDURAS
CCT
BALBOA
CRISTOBALMIT
LIMON-MOIN
CALDERA
NICARAGUA
CORINTOSANDINO
CUTUCO( LA UNION)
ACAJUTLA
CORTES CASTILLA
CABEZASQUETZAL
BARRIOSSANTO TOMASDE CASTILLA
SPR BUENAVENTURA
SPR CARTAGENA
SPR BARRANQUILLAPUERTO CABELLO LA GUAIRA
SPR SANTA MARTAMARACAIBO
PORT OF SPAIN
POINT LISAS
ATM KINGSTON
FREEPORT
HAINA
CAUCEDO
LA HABANA
PONCE
SAN JUAN
JARRY/GUADALOUPE
WILLEMSTADCURACAO
BRIDGETOWN/BARBADOS
ORANJESTADARUBA
CASTRIES/ST. LUCIA
DOMINICA
SANTIAGO
Regional ConnectivityRegional Connectivity
Port Developmentin Panama
Port Developmentin Panama
Manzanillo InternationalTerminal (MIT)
Manzanillo InternationalTerminal (MIT)
Colon Container TerminalColon Container Terminal
Panama Ports Company - BalboaPanama Ports Company - Balboa
Panama PortsCompany –Cristobal
Panama PortsCompany –Cristobal
1996: 235 KTEUs2007: +3.2 MTEUs1996: 235 KTEUs2007: +3.2 MTEUs
Panamax Cranes PPX Total
PPC-BCZ 7 8 15PPC-CRI 3 3 6CCT 4 6 10MIT 2 14 16
16 31 47
TWO OCEANS IN A SAME DAY
Cruise tourism evolution in PanamaColón 2000 Port
Cruise tourism evolution in PanamaColón 2000 Port
• Inaugurated in October 2000
• Main cruise lines: Holland America, Carnival andCelebrity
• Tour operation Aventuras 2000: tours offered via trainand buses to Portobelo & San Lorenzo Fort
• Wil be homeport for Royal Caribbean beginningDecember 2008
• Inaugurated in October 2000
• Main cruise lines: Holland America, Carnival andCelebrity
• Tour operation Aventuras 2000: tours offered via trainand buses to Portobelo & San Lorenzo Fort
• Wil be homeport for Royal Caribbean beginningDecember 2008
Sun Princess at Colón 2000Sun Princess at Colón 2000
$25
$26M
$57M
$61M
$107M
$106M
$163M
$682M
2007
2%
3%
5%
6%
9%
10%
17%
49%
GeneralCargo
Passengerships
Refrigerated
Others
Liquid bulk
Car Carriers
Dry bulk
Containers
Segments
2%$25M
2%$26M
5%$53M
5%$59M
9%$91M
9%$100M
13%$170M
56%$503M
2006Toll Revenue by Market segmentsToll Revenue by Market segments
AgendaAgenda
• Traffic AF2007
• Alternative Routes
• Traffic AF2007
• Alternative Routes
THE SUEZ ALTERNATIVETHE SUEZ ALTERNATIVE
Suez Canal AuthoritySuez Canal Authority
Cargo Ton through Suez (Destination)Cargo Ton through Suez (Destination)
M. Ton
0
100
200
300
400
500
600
700
N.W. Europe 188 208 234 246Med. Sea 176 209 219 261EC America 40 52 57 63Black Sea 44 44 53 52Others 7 8 8 7
2003 2004 2005 2006
N.W. Europe ( 39.1 % )
Med. Sea ( 41.5 % )
Black Sea ( 8.2 % )
EC America ( 10.1 % )
Cargo Ton through Suez (Origin)Cargo Ton through Suez (Origin)
Red Sea ( 12.2 % )M. Ton
0
100
200
300
400
500
600
700
Others 1.4 2.3 2.1 18.2Australia 35.1 42.5 34.1 34.9South Asia 47 51 62.9 68.5Red Sea 75.7 84.3 88.8 76.6Arabian Gulf 81.3 97.5 112.6 122.6S.E.Asia 217.5 243.9 270.7 307.8
2003
A. Gulf ( 19.5 % )
Australia ( 5.6 % ) S. Asia ( 10.9 % )
S.E. Asia ( 49 % )
2004 2005 2006
Suez Canal AuthoritySuez Canal Authority
SC Container Traffic to EC America (by Origin)SC Container Traffic to EC America (by Origin)
Red Sea ( 3 % )
1000 Ton
Others0
2000
4000
6000
8000
10000
Arabian Gulf 754 1025 2434 2394S. Asia 2268 2941 2463 2971Red Sea 184 315 308 253S. E. Asia & F. E. 1877 1810 2533 3760Others 325 164 108 0
2003 2004 2005 2006
A. Gulf ( 26 % )
S. Asia ( 32 % )
S.E. Asia & Far East ( 40 % )
Suez Canal AuthoritySuez Canal Authority
SC Container Movement by Route ( 2003 -2007)SC Container Movement by Route ( 2003 -2007)
22 878
74
102
200
371
536
807
1 445
19 343
2006
20 506
56
134
381
394
339
762
957
17 483
2005
18 535
23
143
350
420
315
686
1 061
15 537
2004
25 610
76
96
210
390
850
936
1 550
21 502
2007
15 851
24
246
137
371
547
470
1 263
12 793
2003
NWE - Middle East
ECNA - South East Asia
Total
ECSA - Middle East
NWE - East Africa
NWE – Australasia
ECNA - South Asia
NWE - South Asia
NWE - Far East
Route
( 1000 Loaded TEU )
Suez Canal AuthoritySuez Canal Authority
Source: Estimates based on ACP analysis of different sources
Panama- Suez Route Cost ComparisonPanama- Suez Route Cost Comparison
$0$0
$1,000,000$1,000,000
$2,000,000$2,000,000
$3,000,000$3,000,000
$4,000,000$4,000,000
$5,000,000$5,000,000
$6,000,000$6,000,000
$7,000,000$7,000,000
$8,000,000$8,000,000
PanamaPanama SuezSuez PanamaPanama SuezSuez PanamaPanama SuezSuez PanamaPanama SuezSuez PanamaPanama SuezSuez
20032003 20042004 20052005 20062006 20072007
Ship Provision Costs Fuel Costs - Canal Fuel Costs - Sea Canal Fees Fuel Costs - Ports Port Fees
Strategic Demand CentersStrategic Demand Centers
Population Growth 2005 - 2030
10
I-35 Corridor +40%Pop: 15,315,317
Gulf Coast Belt +31%Pop: 12,064,600
Cascadia +38%Pop: 7,412,248
Norcal +35%Pop: 12,024,173
Southland +35%Pop: 22,173,291
Valley of the Sun +81%Pop: 4,486,206
Great Lakes Horseshoe +10%Pop: 40,082,228
I-85 Corridor +35%Pop: 19,318,992
Sources: Population, employment, and real estate growth forecasts by Robert Lang and Arthur Nelson of the Metropolitan Institute at Virginia Tech and Phil Hopkins of Global Insight; Business 2.0, November 2005 – Used by permission of BNSF
Atlantic Seaboard +12%Pop: 50,427,921
Southern Florida +52%Pop: 13,708,165
Local Port MarketsLocal Port Markets
24Used by permission of BNSF
Inland Intermodal MarketsInland Intermodal Markets
25Used by permission of BNSF
U.S. Infrastructure Issues: Current and FutureU.S. Infrastructure Issues: Current and Future
TACOMATACOMA
1,7761,776 2,5572,557
SEATTLESEATTLE
1,7981,798 4,3964,396
•Container imports are expected to double by 2020
•Rail freight tonnage is expected to increase by 50% by 2020
•Air cargo volume is expected to increase by 5% every year through 2016
•Half of the nation’s 257 locks on inland waterways are functionally obsolete
•Most ports have not been dredged to handle the 10,000-TEU containerships being built
•Container imports are expected to double by 2020
•Rail freight tonnage is expected to increase by 50% by 2020
•Air cargo volume is expected to increase by 5% every year through 2016
•Half of the nation’s 257 locks on inland waterways are functionally obsolete
•Most ports have not been dredged to handle the 10,000-TEU containerships being built
OAKLANDOAKLAND2,0432,043 3,3823,382
LA/LBLA/LB
13,10113,101
59,42059,420
HOUSTONHOUSTON
1,4371,437
6,1656,165
2,1522,1521,0101,010
MIAMIMIAMI
SAVANNAHSAVANNAH1,6621,662
9,4209,420CHARLESTONCHARLESTON
1,8601,860 6,6396,639
VIRGINIAVIRGINIA
1,8091,809
5,5665,566NY/NJNY/NJ
4,4784,478
15,83515,835
2004 Volumes (‘000 TEUs)2004 Volumes (‘000 TEUs)
2020 Volumes (‘000 TEUs)2020 Volumes (‘000 TEUs)
Legend:Legend:
U.S. Maritime Container Trade Growth
U.S. Maritime Container Trade Growth
Source: American Society of Civil Engineers (ASCE) – 2005Report Card for America’s Infrastructure, U.S. DoT
+ 44.0%+ 44.0%
+ 144.5%+ 144.5%
+ 65.5%+ 65.5% 353.6%353.6%
+ 113.1%+ 113.1%
+ 256.9%+ 256.9%
+ 253.6%+ 253.6%
+ 207.7%+ 207.7%
+ 466.8%+ 466.8%
Forecast2007: +3.2 MTEUs2010: 4.6 MTEUs2015: 7.4 MTEUs
Forecast2007: +3.2 MTEUs2010: 4.6 MTEUs2015: 7.4 MTEUs
Prince Rupert HinterlandPrince Rupert Hinterland
MEMPHIS
PRINCE RUPERT
27
Toronto
Montreal
Used by permission of BNSF
Prince Rupert ProjectPrince Rupert Project
• Prince Rupert Port Authority in partnership with Maher Terminals (RREEF Infrastructure) and CN Rail opened a modern $160 Million terminal
• Shortest sea link between Asia and North America with connections to Chicago, Toronto and Memphis
• New facility capable of handling 500,000 TEU initially, with possibilities to expand to 2 million TEU per year
• Capable of handling up to 12,000 TEU vessels with 16 m. draft
• Second Phase already started to be completed by 2010.
• Prince Rupert Port Authority in partnership with Maher Terminals (RREEF Infrastructure) and CN Rail opened a modern $160 Million terminal
• Shortest sea link between Asia and North America with connections to Chicago, Toronto and Memphis
• New facility capable of handling 500,000 TEU initially, with possibilities to expand to 2 million TEU per year
• Capable of handling up to 12,000 TEU vessels with 16 m. draft
• Second Phase already started to be completed by 2010.
Lazaro CardenasLazaro Cardenas
LAZARO CARDENAS
MEXICO CITY
28
Truck viaLaredo
Monterrey,Saltillo, SLP
Used by permission of BNSF
Punta ColonetPunta Colonet
• 27,000 Acre multibillion dollar Deep SeaPort • Located 150 miles South of Tijuana• Mostly an agricultural and fishing town• Looked as the best place for a Mexican Megaport for 2025
• Port Cost: US$400 - 600 million• Rail Cost: US$2-6 billion• Idea is to handle 1 million TEU initiallyand expanding to 5 million TEU
AgendaAgenda
• Traffic AF2007
• Alternative Routes
• Expansion Program Components, Scope & Time Line
• Traffic AF2007
• Alternative Routes
• Expansion Program Components, Scope & Time Line
Conceptual DesignConceptual Design
Draft12.04 m (39.5’)
Draft15.2 m (50’)
Actual Locks – Vessel Max: 4,800 TEUs
New Locks – Vessel Max : 12,600 TEUs
32.3m (106’)
33.5m (110’)
49m (160’)12.8m (42’)
294.1m (965’)
304.8m (1000’)
366m (1200’)
427m (1400’)55m (180’)
18.3m (60’)
New Locks Dimensions
17.3M TEU
2012 (including new orders)
Container capacity evolution in TEU – Dec’07Container capacity evolution in TEU – Dec’07
.6M TEU 1.6M TEU 2.8M TEU
29.19%
24.79%
46.03%2007
Others %Others %
TEU Panamax %TEU Panamax %
TEU Post- panamax %TEU Post- panamax %
1996
68.60%
26.35% 5.05%1980
97.09%
2.91%
1990
81.15%
17.51% 1.34%
26.93%
38.26%34.81%
10.2M TEU
25%
29%
Evolution of the Full Container Ship Fleet Evolution of the Full Container Ship Fleet
Number of Vessels TEU Capacity Number of
Vessels TEU Capacity Number of Vessels
TEU Capacity
Feeders 100-499 438 136,079 11 2,607 449 138,686Feedermax 500-999 785 574,847 155 130,864 940 705,711Handy 1,000-1,999 1144 1,613,546 321 459,448 1465 2,072,994Sub-Panamax 2,000-2,999 673 1,697,300 167 426,865 840 2,124,165Panamax 3,000-4,000+ 727 2,905,510 328 1,376,161 1055 4,281,671Post-Panamax 3,700 - 13,300 557 3,734,910 474 4,215,918 1031 7,950,828
4,324 10,662,192 1,456 6,611,863 5,780 17,274,05512.9% 35.0% 32.6% 63.8% 17.8% 46.0%
18.3% 24.8%
Source: ACP, Shipping Intelligence Network, Clarkson Research, December 2007.
% Post-Panamax
% Panamax
Total
Average Vessel Size
Vessel Size Full Container Ship Fleet -December 10, 2007 Orderbook 2007-2012 Projected Fleet 2012
Range Size Number of Vessels Capacity Average Vessel Size
13,000 - 13,300 37 486,672 13,15312,000 - 12,999 43 542,840 12,62411,000 - 11,999 10 113,800 11,38010,000 - 10,999 28 280,536 10,0199,000 - 9,999 34 327,470 9,6318,000 - 8,999 124 1,044,242 8,4217,000 - 7,999 12 89,598 7,4676,000 - 6,999 94 612,132 6,5125,000 - 5,999 52 278,932 5,364
Total order (5,000+) 434 3,776,222 8,701Source: Clarksons - on-line Service, Dec. 2007
Orderbook of Post Panamax (5,000+)Orderbook of Post Panamax (5,000+)Full Container Ship - Dec. 2007Full Container Ship - Dec. 2007
Additional Cargo Capacity Possibilties for DryBulker in the Expanded Panama Canal
Additional Cargo Capacity Possibilties for DryBulker in the Expanded Panama Canal
80,238 95,000 117,000 125,000 130,000
Additional Cargo Capacity for Tankersthrough the Expanded Panama Canal
Additional Cargo Capacity for Tankersthrough the Expanded Panama Canal
Existing CanalTanker Vessel with Maximum
DimensionsVessel Data Aframax Suezmax VLCCDeadweight Tonnage (DWT) 91,844 100 - 119,999 120 - 199,999 > 200,000Utilization percentage of vessel trhough the Canal 70.0% 94.7% 89.6% 73.9%
Cargo in metric tons 64,257 107,520 146,316 226,205 LOA (m) 272.5 269 267 326Beam (m) 32.2 39.3 46.3 49Fresh water draft (m) 15.5 16.0 17.02 20.64Dimensions allowed by the Panama CanalLOA (m) 294.2 366 366 366Beam (m) 32.2 49 49 49Fresh water draft (m) 12 15.2 15.2 15.2Unrestricted vessel utilization percentage 96% 96% 96% 96%
Cargo carrying capacity with maximum draft of 15.2 m 83,045 101,818 131,107 167,064
Additional cargo allowed with expanded Canal (in MT) 18,788
Expanded CanalSize Range for Tanker Vessels in
Expanded Canal
Canal Expansion Program ComponentsCanal Expansion Program Components
Deepening and Wideningof the Atlantic Entrance Channel
Deepening and Wideningof the Atlantic Entrance Channel
AtlanticPost Panamax Locks
AtlanticPost Panamax Locks
Increase the Maximum OperatingLevel of Gatún Lake
Increase the Maximum OperatingLevel of Gatún Lake
Deepening and Widening of theGatún Lake Navigation ChannelsDeepening and Widening of the
Gatún Lake Navigation Channels
PacificPost Panamax Locks
PacificPost Panamax Locks
Deepening of the Culebra CutNavigation Channels
Deepening of the Culebra CutNavigation Channels
Deepening and Wideningof the Pacific Entrance Channel
Deepening and Wideningof the Pacific Entrance Channel
Access Channel to PacificPost Panamax Locks
Access Channel to PacificPost Panamax Locks
Atlantic Entrance(Dredging - 14 M m3)
Atlantic Entrance(Dredging - 14 M m3)
1 Contract1 Contract
Width: 225m (740´) ▶Width: 225m (740´) ▶
Atlantic Entrance Deepening and WideningAtlantic Entrance Deepening and Widening
Post Panamax LocksPost Panamax Locks
Atlantic and Pacific Locks(30 M m3 Dry Excavation)
Atlantic and Pacific Locks(30 M m3 Dry Excavation)
1 Contract1 Contract
Gatun LocksGatun Locks
Gatun LakeGatun Lake
Atlantic OceanAtlantic Ocean
New LocksNew Locks
Gatun DamGatun Dam
Post Panamax LocksPost Panamax Locks
Atlantic and Pacific Locks(30 M m3 Dry Excavation)
Atlantic and Pacific Locks(30 M m3 Dry Excavation)
1 Contract1 Contract
Pedro Miguel Locks
Pedro Miguel Locks
MirafloresLocks
MirafloresLocks
America’s Bridge
America’s Bridge
New LocksNew Locks
CentenialBridge
CentenialBridge
Operation of Water Saving BasinsOperation of Water Saving Basins
Existing LocksExisting LocksNew LocksNew LocksW
ater
Uti
lizat
ion
Wat
erU
tiliz
atio
nWith the water saving basinsthe new locks will use 7% less water than the existing locks
With the water saving basinsthe new locks will use 7% less water than the existing locks
WSB 1 WSB 2 WSB 3
3D Concept drawing of the physical model3D Concept drawing of the physical model
Lower pool (Ocean)
Lower pool (Ocean)
Upper pool(Gatun Lake) Upper pool(Gatun Lake) WSBWSB
Locks Physical Hydraulic Model1:30 Scale
Locks Physical Hydraulic Model1:30 Scale
Supporting wallsSupporting walls
Lock ChambersLock Chambers
View of the upper chamber & poolView of the upper chamber & pool
Locks Physical Hydraulic ModelLocks Physical Hydraulic Model
Locks Physical Hydraulic ModelLocks Physical Hydraulic Model
Tank Test - Navigation Model 1:80 Scale
Tank Test - Navigation Model 1:80 Scale
Gatun Lake and Culebra Cut Deepening and Widening
Gatun Lake and Culebra Cut Deepening and Widening
Deepening and Widening of the Gatún Lake and
Culebra Cut Navigation Channels(Dredging - 27 M m3)
Deepening and Widening of the Gatún Lake and
Culebra Cut Navigation Channels(Dredging - 27 M m3)
152.4m(500’)152.4m(500’)
Old WidthOld Width
192m(630’)192m(630’)
New WidthNew Width
Gaillard Cut Widening by Panama Canal Dredgers
Gaillard Cut Widening by Panama Canal Dredgers
1957 – 1971 Widening of Gaillard Cut from
91.5 m (300’) to 152.4 m (500’)
1957 – 1971 Widening of Gaillard Cut from
91.5 m (300’) to 152.4 m (500’)
1992 – 2002 Widening of Gaillard Cut from
152.4 m (500’) to 192 m (630’)
1992 – 2002 Widening of Gaillard Cut from
152.4 m (500’) to 192 m (630’)
North Access Channel to New Pacific LocksNorth Access Channel to New Pacific Locks
Pacific Locks North Access Channel Excavation
46M m3
5 Contracts
PAC 5PAC 5PAC 2PAC 2
PAC 4PAC 4
PAC 3PAC 3
PAC 1PAC 1
North Access Channel to New Pacific Locks 46M m3 of Dry Excavation - 5 Contracts
North Access Channel to New Pacific Locks 46M m3 of Dry Excavation - 5 Contracts
PAC 1PAC 3
PAC 4
PAC 2
New Locks
STATIONSPAC 5
Elev
atio
nin
Met
ers
North Access Channel to New Pacific LocksPhase 1 – First Contract 7.4 Mm3Bid was awardedJuly 17, 2007 and work is well underway
North Access Channel to New Pacific LocksPhase 1 – First Contract 7.4 Mm3Bid was awardedJuly 17, 2007 and work is well underway
RFP issued: September 18, 2007
Pre-Bid Conference and site visit: October 2, 2007
Bid Opening: November 14, 2007
Award: November 27, 2007.
RFP issued: September 18, 2007
Pre-Bid Conference and site visit: October 2, 2007
Bid Opening: November 14, 2007
Award: November 27, 2007.
North Access Channel to New Pacific LocksPhase 2 – Second Contract 7.5 Mm3
North Access Channel to New Pacific LocksPhase 2 – Second Contract 7.5 Mm3
Pacific Entrance(9.1 M m3 – Dredging)
Pacific Entrance(9.1 M m3 – Dredging)
1 Contract1 Contract
225m (740´) Min225m (740´) Min
Pacific Entrance Deepening and WideningRFP Published August 30, 2007
Pacific Entrance Deepening and WideningRFP Published August 30, 2007
RFP issued: August 30, 2007.
Pre-Bid Conference: September 20, 2007.
Site visit: September 19, 2007.
Bid Opening: February 28, 2008.
Expected Award: March 2008.
RFP issued: August 30, 2007.
Pre-Bid Conference: September 20, 2007.
Site visit: September 19, 2007.
Bid Opening: February 28, 2008.
Expected Award: March 2008.
Schedule of Main Components of the ProjectSchedule of Main Components of the Project06 2007 2008 2009 2010 2011 2012 2013 20143T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T
%Avance
100%
19%
8%
0%
0%
0%
5%
3%
0%
8%
0%
0%
0%
49%
*Updated as of November 30, 2007. Baseline from December 31, 2006.*Updated as of November 30, 2007. Baseline from December 31, 2006.
ContingencyContingency
Dre
dgin
g
EIS Expansion Program (Category III)
Excavation Contract 1
Excavation Contract 2
Excavation Contract 3
Excavation Contract 4
Excavation Contract 5
Dredging of Culebra Cut
Dredging of the Atlantic Entrance
Dredging of the Pacific Entrance
Increase Operating Level of Gatún Lake
Expanded Canal Begins Operations
Design & Build Pacific Locks
Design & Build Atlantic Locks
Specifications and Procurement
Acc
ess
Cha
nnel
Lock
s
Dredging of Gatún Lake
Activity
Specifications and DesignSpecifications and Design
Baseline*Baseline*
Bidding and ContractingBidding and Contracting
BaselineBaseline
ExecutionExecution
BaselineBaselineEarly FinishEarly Finish
Begin OperationsBegin Operations
Uninterrupted Transit Operations
during Dredging Works
Uninterrupted Transit Operations
during Dredging Works
Uninterrupted Transit Operations during Dredging WorksUninterrupted Transit Operations during Dredging Works
Pedro Miguel LocksPedro Miguel Locks
Miraflores LocksMiraflores Locks
America’s BridgeAmerica’s Bridge
New Pacific LocksNew Pacific Locks
Centenial BridgeCentenial Bridge
Pacific OceanPacific Ocean
Atlantic OceanAtlantic Ocean
New Atlantic LocksNew Atlantic Locks
Gatun LocksGatun Locks
Gatun LakeGatun Lake
Uninterrupted Transit Operations during Locks & Dry Excavation Works
Uninterrupted Transit Operations during Locks & Dry Excavation Works
AgendaAgenda
• Traffic AF2007
• Alternative Routes
• Expansion Program Components, Scope & Time Line
• Locks Contracting Plan
• Traffic AF2007
• Alternative Routes
• Expansion Program Components, Scope & Time Line
• Locks Contracting Plan
Locks Design-Build ProjectContracting Schedule
Locks Design-Build ProjectContracting Schedule
Final RFP Issued
22-FEB-08
Issue RFQ27-AUG-07
SOQ Due15-NOV-07
BidProposal
Due In15-AGO-08
ContractAward
15-DEC-08
Short-ListSelection
14-DEC-07
Issue DraftRFP
2007
Aug OctJul Sep Nov SepMay Jun Jul AugAprJan MarDec Feb Oct Nov Dec
2008 2009
Pre BidConference23-JAN-08
InformationMeeting
13-SEP-07
8 months8 months 4 months4 months
Members:• ACS Servicios, Comunicaciones y Energía, S.L. – Leader, (Spain)• Acciona Infraestructuras, S.A. – (Spain)• Fomento de Construcciones y Contratas, S.A. – (Spain)• Hochtief Construction AG – (Germany)• Constructoras ICA S.A. de C.V. – (Mexico)
Designers (subcontractors):• Sener Ingeniería y Sistemas, S.A. – (Spain)• Haskoning Nederland BV – (Netherlands)• Hochtief Consult – (Germany)• Mott Macdonald Limited – (United kingdom)
Manufacter of Gates:• ACS Servicios, Comunicaciones y Energía, S.L. - (Spain)
Members:• ACS Servicios, Comunicaciones y Energía, S.L. – Leader, (Spain)• Acciona Infraestructuras, S.A. – (Spain)• Fomento de Construcciones y Contratas, S.A. – (Spain)• Hochtief Construction AG – (Germany)• Constructoras ICA S.A. de C.V. – (Mexico)
Designers (subcontractors):• Sener Ingeniería y Sistemas, S.A. – (Spain)• Haskoning Nederland BV – (Netherlands)• Hochtief Consult – (Germany)• Mott Macdonald Limited – (United kingdom)
Manufacter of Gates:• ACS Servicios, Comunicaciones y Energía, S.L. - (Spain)
C.A.N.A.L. ConsortiumC.A.N.A.L. Consortium
Members:• Bouygues Travaux Publics – Leader (France)• Bilfinger Berger – (Germany)• VINCI Construction Grands Projets – (France)• Construcoes e Comercio Camargo Correa S.A. – (Brasil)• Construtora Andrade Gutierrez S.A. – (Brasil)• Construtora Queiroz Galvao S.A. – (Brasil)• ALSTOM Hydro Energia Brasil – (France)• BARDELLA Industrias Mecánicas – (Brasil)
Designer (subcontractor):• AECOM – Leader (United States)
Manufacter of Gates:• ALSTOM Hydro Energia Brasil – (France)
Members:• Bouygues Travaux Publics – Leader (France)• Bilfinger Berger – (Germany)• VINCI Construction Grands Projets – (France)• Construcoes e Comercio Camargo Correa S.A. – (Brasil)• Construtora Andrade Gutierrez S.A. – (Brasil)• Construtora Queiroz Galvao S.A. – (Brasil)• ALSTOM Hydro Energia Brasil – (France)• BARDELLA Industrias Mecánicas – (Brasil)
Designer (subcontractor):• AECOM – Leader (United States)
Manufacter of Gates:• ALSTOM Hydro Energia Brasil – (France)
Panama Atlantic-Pacific ConsortiumPanama Atlantic-Pacific Consortium
Members:• Bechtel Internacional, Inc. – Leader (United States)• Taisei Corporation – (Japan)• Mitsubishi Corporation – (Japan)
Designer:• Bechtel Internacional, Inc. – Leader (United States)
Manufacter of Gates (subcontractor):• Wuchang Shipyard – (China)
Members:• Bechtel Internacional, Inc. – Leader (United States)• Taisei Corporation – (Japan)• Mitsubishi Corporation – (Japan)
Designer:• Bechtel Internacional, Inc. – Leader (United States)
Manufacter of Gates (subcontractor):• Wuchang Shipyard – (China)
Bechtel, Taisei, Mitsubishi CorporationBechtel, Taisei, Mitsubishi Corporation
Members:•Sacyr Vallehermoso S.A. – Leader (Spain)•Impregilo S.p.A. – (Italy)•Jan de Nul n.v. – (Belgium)•Constructora Urbana, S.A. – (Panama)
Disigners (subcontractors):•Montgomery Watson Harza (MWH) – Leader (United States)•IV-Groep – (Netherlands)•Tetra Tech – (United States)
Manufacter of Gates (subcontractor):•Heerema Fabrication Group – (Netherlands)
Members:•Sacyr Vallehermoso S.A. – Leader (Spain)•Impregilo S.p.A. – (Italy)•Jan de Nul n.v. – (Belgium)•Constructora Urbana, S.A. – (Panama)
Disigners (subcontractors):•Montgomery Watson Harza (MWH) – Leader (United States)•IV-Groep – (Netherlands)•Tetra Tech – (United States)
Manufacter of Gates (subcontractor):•Heerema Fabrication Group – (Netherlands)
United for the CanalUnited for the Canal
Global Ranking of Companies involved in the Prequalification
Global Ranking of Companies involved in the Prequalification
4 of the Top 5 Global Contractors
4 of the Top 5 Global Contractors
9 of the Top 30 Global Contractors
9 of the Top 30 Global Contractors
All 4 Consortiahave at least 1 member in theTop 30 list
All 4 Consortiahave at least 1 member in theTop 30 list
Global Ranking of Companies involved in the Prequalification
Global Ranking of Companies involved in the Prequalification
Update on the Panama CanalExpansion ProgramUpdate on the Panama CanalExpansion Program
Rodolfo SabongeVicepresident, Market Research and [email protected]
Rodolfo SabongeVicepresident, Market Research and [email protected]