Maintain Canal competitiveness as well as the value of the Panama maritime route

Allow the transit of bigger ships between the Pacific and Atlantic oceans and maximize capacity

Improve water consumption by enhancing water saving basins Increase the Canals productivity, safety and efficiency Long term sustainable and growing contributions to the Panamanian economy

Panama Logistic Center of the Americas

Reaching the full potential of its geographical position

17.66 M m3

Atlantic Site PostPanamax Locks Increase of Gatun Lakes maximum operating level Atlantic entrance deepening and widening

26.7 m

27.1 m

Gatun Lake widening and deepening and widening of Gaillard Cut s navigation channels

Pacific Site PostPanamax Locks

8.7 M m3

Pacific entrance
Pacific Access Channel
49 M m3

deepening and widening

MEC 3
80 Ha

 PAC : last award contract 7-Jan-10 Company: Consortium ICA-FCC-MECO Amount of award: B/. 267,798,795.99 Order to proceed: 22-Ene-10 Start date: 27-Apr-10

Actual
0% 50%

75%
100%

Estimated completion date: 31-Oct-13

 Scope of Contract:

26 M m3 excavation
Borinquen dam construction Clearing of 80 hectares of MEC.

Award: January 7, 2010

Amount: B/. 267,798,795.99 Company: Consortium ICA-FCC-MECO Completion of contract: August 2, 2013

Actual
0%

.
50%

67%
100%

Cells: 58 Arched cells : 57

Nov 2010

9m

 Scope of Contract: 8.7 M m3

Award: April 1, 2008 Amount: B/. 177,500,676.78

7.78 M m3 dredged / 8.7 M m3

Actual
0% 50%

Company: Dredging International

Amendment No. 12 : February 10, 2012 - Expansion Program deliveryable: Dec 31, 2012 - Termination of Contract: June 30, 2013
91%
100%

Boho
Actual

100%
m 3/ 1,786K m 3

Gatun Lake

Volume: 1,786K

Buena Vista
Actual Volume: 913K m 3/

100%
913K m 3

San Pablo
Actual

100%

Volume: 4,211K m 3/ 4,211K m 3

Juan Grande

Gatn
Actual Volume: 146K m 3/146K

9% 100%
m3

Actual

Volume: 179K m 3/ 1,987K m 3

Gamboa

Barro Colorado

Actual 24% Volume: 821K m 3/ 3,380K m 3

Pea Blanca
Actual

100%

Chagres Crossing
Actual

Volume: 1,116K m 3/ 1,116K m 3

93%
m 3/ 312K m 3

Tabernilla
Actual Volume: 1,910K m 3/

Gamboa
100%
1,910K m 3

Volume: 290K

Mamey
Actual

71%

Volume: 1,893K m3/ 2,652K m 3

Actual
0% 50%

76%
100%

Bas Obispo
Actual

Actual

89%

Volumen: 584K m3/ 655K m3

Quibian I dredge

83%

Volume: 254K m3/ 307K m3

Las Cascadas

Actual

27%

Volume: 35K m3/ 412K m3

Empire

Cunette

Actual

92%

Volumen: 219K

m3/

240K m3

Actual

100%

Volume: 664K m3/ 664K m3

Culebra
Actual

100%

Cucaracha
Centenario Bridge

Volume: 512K

m3/

512K m3
100%

Paraiso

Actual

Volume: 204K m3/ 204K m3

Cornelius dredge

Mindi Dredger

Quibian I Dredger

R.H. Christensen Dredger

Cornelius Dredger

New west prism line once the island is removed

Volumes: Dry excavation 533,000 m3 Dredging 282,000 m3

 Scope of Contract: Deepening of 27.5m a 9.14m PLD Channel Width = 218m Length = 1.6km Volume approved 4 M m3 Award: August 16, 2010 Amount: B/. 54,550,647 Company: Jan De Nul n.v. Conclusion of the contract: November 13, 2012

Actual
0% 50%

81%
100%

Widening: of 198 m to 225 m (navigation channel) Channel width to 218 m (North access channel)

Extension 13.8 Km.

Creation of PostPanamax area to turn around

Award: September 25, 2009 Amount: B/. 144,236,596.44 Company: Jan De Nul NV Conclusion of contract: April 25, 2013

Actual
0% 50%

98%
100%

 Scope of Contract: Design and Construction of Locks Award: July 15, 2009 Order to Proceed: August 25, 2009 Initial Amount + options: B/. 3,158,600,059

Consortium: Grupo Unidos por el Canal S.A.

Sacyr Vallehermoso Impregilo Jan De Nul - CUSA Conclusion of the contract: October 21, 2014 Actual
0%

31%
50% 100%

Maximum size of vessels in existing Locks:

4,400 TEU
33.5 m (110)

12.4 m (39.5)

32.3 m (106)

49 m (160)

18.3 m (60) min. 28.3 m (93) max.

15.2 m (50)

Maximum size of vessels in new Locks: 13,000 14,000 TEU

18.3m (60)

6.5m (21)

8.3m (27)

Control Building For the Locks Gates

Gates Lock-Head-Set
Locks Gate 2 Locks Gate 1

WSB 3

WSB 2

WSB 1

With the water saving basins the new locks will use 7% less water than the existing locks in every transit

Water Utilization New Locks

Existing Locks

40

2012 2011 2010 2009

Concrete Plant with a 570m3/hr.-capacity

2012 2011 2010 2009

Concrete Plant with a 570m3/hr.-capacity

Pipeline Valves 4.69m x 6.786m

Main Sewer Valves 4.69m x 6.786m

72 + 2 (replacement) Equalization Valves 3.545m x 4.285m

64 + 2 (replacement)

16 + 2 (replacement)

Atlantic type D Pacific type E

Atlantic type B Pacific type C

Atlantic type A Pacific type F

Ocean

Lake

Northeast Aerial View, Pacific Entrance Channel & Main Cofferdam

6 September 2012

6 September 2012

6 September 2012

6 September 2012

6 September 2012

6 September 2012

11 modified and installed gates 4 gates in extension work

Bid for the acquisition of 32 hydraulic cylinders was published. Closing date 13 July 2012

8% Actual
0% 50% 100%

Environmental Impact Assessment

Ecological Compensation paid to ANAM

Wildlife Rescue Plan

Archeological Rescue

Paleontological Resources Studies

Reforestation

Monitoring Air and Water Quality

Monitoring Noise and Vibrations

Meetings with communities according to project advance

Report and inspection by independent consultant

Inspections by ANAM

Project

Amphibians

Birds

Mammals

Reptiles

Total

PAC 1
PAC 2

40
15

0
19

40
108

68
51

148
193

PAC 3
PAC 4 E y P Pacific E y P Gatun Lake E y P Atlantic Pacific Locks Atlantic Locks

70
22 13 27 10 21 46

20
7 0 1 0 9 6

163
164 3 73 287 184 550

167
152 34 64 116 248 423

420
345 50 165 413 462 1025

Total

264

62

1572

1323

3221

Cultural Resources
Cubo de acero

Resto de Vagones

PAC - 3

Archeological surveys
Daga colonial

Archaeological rescue Requirement contract in place

Limpieza (MEC) T6 fase II

Cubo de acero

Map showing Mamei camp during Canal construction at the begining of the 20th Century and the location of the incinerator.

Brick and mortar garbage incinerator built in 1908

Architectural Review Generates blueprints and an analysis of the structure which provides a framework for the definition of the rescue and preservation actions for the item

Preparation and transfer of the item Delivery to Hisotric Patrimony INAC

Lifting towards floating crane

(January 2008 August 2012)

COMMUNICATION CAMPAIGN Nmero de visitas al PAC 0 Nmero de visitas al PAC 1 Nmero de visitas al PAC 2 Nmero de visitas al PAC 3 Nmero de visitas al PAC 4

33
81 96

163
270 159 1283

Nmero de visitas al Atlntico (Esclusas y Dragado)

Nmero de visitas al Mirador de Cerro Cocol Charlas y Presentaciones

996
MEDIA CARE

International Media Care Local Media Care PUBLIC CARE Calls: 800-0714 Emails: ampliacion@pancanal.com

1055
150

867 358

Total persons served: 28,213

22 quarterly reports
2011

2008

2009

2010

2007

10 reports to the Nation

2006

1. Baru Volcano National Park - 30 has

8 7 1 2 9 6

2. Mangrove in Chiriqu Viejo River - 50 has 3. Center for Forestry Research - 100 has 4. Montuoso Forest Reserve - 50 has

5. General Omar Torrijos National Park - 150 has 6. Altos de Campana National Park - 30 has 7. Camino de Cruces National Park - 115 has

These projects, executed in coordination with ANAM and ARAP, include the provinces of Colon, Panama, Cocle, Herrera and Chiriqui.

8. Chagres National Park - 40 has

9 Tapagra Hydrological Protection Area Eastern Panama 9.

Contractor: Consultores Ambientales y Reforestadores S.A. (CAREFORSA) Awarded: February 2012 Number of hectares: 61 has Protected Area : Tapagra Hydrological Protection Area

35% Actual
0% 50% 100%

Summary Schedule of Main Projects with Baseline and Contingency

As of 31 August 2012

Activity by quarter (Q)

% Progress

2007

2008

2009

2010

2011

2012

2013

2014

2015

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Locks

Specifications and locks models Design and build post-Panamax locks Pacific access channel - phase 1 Pacific access channel - phase 2 Pacific access channel - phase 3 Pacific access channel - phase 4 Dredging of the Pacific entrance 100% 100%

100% 31%

Access channel

75% 100% 67% 91% 76% 98%

Dredging

Deepening and widening of Gatun Lake and deepening of Culebra Cut Dredging of the Atlantic entrance

Increase operating level of Gatun Lake

8%

Expanded Canal begins operations

Expansion Program progress 44.4%

Specifications and design Baseline*

Bidding and contracting Baseline

Execution Baseline

Contingency against baseline

Beginning of operations

97

* Baseline from 31 December 2006 including contingency