"Our partnership furthers our shared goal of promoting trade growth in Panama and Florida," said ACP Administrator/CEO Alberto Alemn Zubieta. "As we approach the completion of our expansion, we look forward to pursuing even more mutually beneficial activities with Port Everglades."
Areas of cooperation between the ACP and Port Everglades include joint advertising programs, data interchange and competitive market analyses of the shipping industry. This alliance will also continue to promote the "All-Water Route," the route from Asia to the U.S. East Coast via the Panama Canal.
Serving more than 150 ports and 70 countries, Port Everglades generates nearly $14 billion worth of business activity and supports approximately 140,000 jobs in Florida. More than 5.2 million tons of containerized cargo is transported through the Port. With the expansion of the Panama Canal slated for completion in 2014, it stands to benefit from anticipated growth.
"Just as the Panama Canal expansion is moving forward to meet the challenges of the future, so also is the Port Everglades Master/Vision Plan, providing us with a roadmap toward meeting those challenges. The strong working relationship between Port Everglades and the ACP will continue to provide mutual advantages in the years to come," said Port Everglades Director Phillip C. Allen.
Recently approved by the Broward County Board of County Commissioners in March 2011, the Master/Vision plan is a comprehensive, dynamic roadmap designed to guide the Port's growth through an estimated $1.7 billion in capital investments over a 20-year period. Critical projects in those expansion plans include adding new cargo berths, deepening the Port's channels from 42 feet to 50 feet, and bringing rail service into the port with a near-dock Intermodal Container Transfer Facility.
Meanwhile, the Canal's expansion is well underway, following the recent commencement of the permanent concrete work for the new Atlantic side locks. The $5.25 billion project includes the construction of a new set of locks that will allow the transit of longer and wider ships.