The Panama Canal is a 77.1-kilometre (48 mi) ship canal in Panama that connects the Atlantic Ocean (via the Caribbean Sea) to the Pacific Ocean. The canal cuts across the Isthmus of Panama and is a key conduit for international maritime trade. There are locks at each end to lift ships up to Gatun Lake, an artificial lake created to reduce the amount of excavation work required for the canal, 26 metres (85 ft) above sea level. The current locks are 33.5 metres (110 ft) wide. A third, wider lane of locks is currently under construction and is due to open in 2015.
Monday, November 18th
Vice President Biden and Transportation Secretary Anthony Foxx tour the port of Houston, Houston, Texas
Tuesday, November 19th
Vice President Biden accompanied by Secretary of Transportation Foxx, respresentatives from both parties of Congress and city leaders to meet with President Martinelli and to tour the Panama Canal expansion project
Vice President Biden and Panamanian President Martinelli hold a bilateral meeting, Palacio de las Garzas , Panama City, Panama
Vice President Biden and Panamanian President Martinelli deliver statements to the press, Palacio de las Garzas , Panama City, Panama
Vice President Biden participates in wreath-laying ceremony, Corozal American Cemetery and Memorial, Panama City, Panama
Vice President Biden to Travel to Panama
October 25, 2013 – panama.usembassy.gov
Vice President Joe Biden will travel to Panama the third week of November to meet with President Martinelli and to tour the Panama Canal expansion project. In his meeting with President Martinelli, the Vice President will discuss our bilateral partnership and emphasize our mutual interest in improving integration in Central America as a means to accelerate regional economic growth. The Vice President’s visit to the Panama Canal expansion project follows on his September visits to the ports of Baltimore, Charleston, and Savannah to highlight the importance of infrastructure investments in the United States. The project will nearly triple the capacity of the canal and will allow significantly larger ships to call on U.S. ports, helping spark job creation and prosperity at home and across the Americas.
- US Department of Agriculture: U.S.–Panama Trade Promotion Agreement
- US Department of Commerce: Panama Trade Promotion Agreement
- US Trade Representative: Panama Trade Promotion Agreement
￼￼A Report to Congress Addressing “the Critical Need for Additional Port and Inland Waterway Modernization to Accommodate Post- Panamax Vessels”
• U.S. population growth increasing 100 million within 30 years
• U.S. exports to the Americas increased from $250 billion to nearly $750 billion during between 2008 and 2011. U.S. imports and exports are projected to increase significantly
• Worldwide numbers of post-Panamax vessels increasing
• Opportunities for economically justified port expansion are expected to be greatest along the Southeast and Gulf coasts – Corps is conducting 17 port specific studies to identify expansion needs
• Increased grain exports through the Gulf can be expected as a result of transportation cost savings associated with the use of larger vessels – The capacities of the Inland Waterways serving the export market needs to be maintained to take advantage of this opportunity
November 08, 2013
FACT SHEET: Modernizing and Investing in America’s Ports and Infrastructure
On November 8th, President Obama will speak from the Port of New Orleans, one of the nation’s largest ports, where he will reiterate his call to invest in rebuilding America’s infrastructure, including strategic ports along the Mississippi River such as the Port of New Orleans, which support U.S. commerce and trade.
Despite making significant progress under the President’s leadership, there is still much more work to be done across the country to improve our nation’s infrastructure. That’s why the President continues to call for greater investments. Rebuilding our roads, bridges and ports will not only put Americans back to work, but also help to expand trade, keep American businesses competitive and create even more jobs here at home.
* Ports like the one in New Orleans and around the Mississippi River Valley play a central role in the American economy by facilitating global trade and exports.
* That’s why the Obama Administration has invested significant resources into New Orleans.
* The President’s support for the Port of New Orleans has helped grow the region’s exports
* But more remains to be done, and the President has proposed increasing investments in infrastructure and continuing to promote a broad trade agenda
President Obama Understands that America’s Ports Are Key to Our Competitiveness.