18 hours Ago By [email protected] (MENAFN)
The ACP will therefore subsequently develop a“Resettlement and Livelihood Restoration Action Plan” through informed participation and dialogue with citizens. This resolution was announced on the day the ACP Board of Directors approved the funds needed to build a new lake in the middle section of the Indio River basin. This project is part of the“comprehensive solution to the water problem in Panama”, as it increases the storage capacity of water resources.
Therefore, it is a preparation for future droughts, such as the one that will occur between 2023 and 2024, and is one more step towards the sustainability, reliability and competitiveness of the Panama Canal. According to a statement from the ACP, the Board of Directors established that the approved funds are for compensation, resettlement and support for families and owners who are impacted by the work. Funds Approved for the Indio River Project Include Compensation for Residents According to the Panama Canal Authority (ACP), this project is part of the“comprehensive solution to the water problem in Panama” since it increases the storage capacity of water resources.
Therefore, it is a preparation for future droughts, such as the one that will occur between 2023 and 2024, and is one more step towards the sustainability, reliability and competitiveness of the Panama Canal. According to a statement from the ACP, the Board of Directors established that the approved funds are for compensation, resettlement and support for families and owners who are impacted by the work. “This process will be carried out in a fair and orderly manner, in compliance with international best practices in social and environmental matters,” the ACP stressed.
MENAFN21022025000218011062ID1109236288 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
.
