Panama Canal Commission Authorization Fiscal Year 1995 Hearing Before the Sub
Panama Canal Commission Authorization Fiscal Year 1995 Hearing Before the Sub
Zation2c20fiscal20year201994203a20hearing2
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This is another type of structural change. Mr. Coble. Mr. McMillan or Mr. Guardia, has the Interoceanic Regional Authority which oversees the development of the Canal properties already transferred to Panama, made any decisions about the use of the property it controls [A] and, [B] has any devel- opment commenced on any of these properties? Mr. Guardia. The agency, ARI, is just beginning to function. As I mentioned, last year was when it was incorporated. A Board was appointed. Then the Board w...ent through the process of selecting an Administrator which took some time. The Administrator is now ap- pointed and ARI is beginning to develop a master plan in order to establish the guidelines for the proper use of the land and its maxi- mized value to Panama. To do that, ARI has advertised for public competition from the consulting firms to furnish proposals. Propos- als have been received, and ARI is now in the process of selecting a winner for the contract to determine the master plan. It is envi- sioned, however, that ARI may begin to implement portions of it during the process of its development.
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