Panama Canal Authority Announces Fiscal Year 2003 Metrics
Panama Canal Authority Announces Fiscal Year 2003 Metrics
(biz.yahoo.com)
Significant capital improvement efforts in FY2003 have contributed to the Canal’s ability to handle increased traffic. Projects have included: the deepening of the Gatun Lake channel; the acquisition of new locomotives and rehabilitation of the locomotive tracks; the addition of new tugboats; improved aids to navigations; a training and research maritime simulator center; and the implementation of the Automatic Identification System (AIS) — a sophisticated vessel tracking system.
