La Autoridad del Canal de Panamá (ACP) es una persona jurídica autónoma de Derecho Público creada por el Título XIV de la Constitución Política de la República de Panamá, y a la que le corresponde privativamente la administración, funcionamiento, conservación, mantenimiento y modernización del Canal de Panamá, así como sus actividades conexas y complementarias, conforme a las normas constitucionales y legales vigentes, a fin de que funcione de manera segura, continua, eficiente y rentable.

The Panama Canal Authority (ACP) is an autonomous legal entity under Public Law created by Title XIV of the Political Constitution of the Republic of Panama, and which is privately responsible for the administration, operation, conservation, maintenance and modernization of the Panama Canal, as well as its related and complementary activities, in accordance with the constitutional and legal rules in force, in order to operate in a safe, continuous, efficient and profitable manner.

The Panama Canal Authority (ACP) is an autonomous legal entity under public law created by Title XIV of the Political Constitution of the Republic of Panama, and which is responsible exclusively for the administration, operation, conservation, maintenance and modernization of the Panama Canal, as well as its related and complementary activities, in accordance with current constitutional and legal norms, so that it operates in a safe, continuous, efficient and profitable manner.

La Ley Orgánica de la ACP, del 11 de junio de 1997 establece las normas para su organización y funcionamiento. Debido a su importancia y naturaleza, la ACP goza de autonomía financiera, patrimonio propio y derecho de administrarlo.

Organic Law of June 11 1997 furnishes the ACP with legislation for its organization and operation. Because of its importance and uniqueness, the ACP is financially autonomous, has its own patrimony, and the right to administer it.

The Organic Law of the ACP of 11 June 1997 establishes the rules for its organization and operation. Because of its importance and nature, the ACP enjoys financial autonomy, its own assets and the right to administer it.

El régimen contenido en el Título XIV solo podrá ser desarrollado por leyes que establezcan normas generales. Y la junta Directiva tiene entre sus facultades constitucionales la aprobación privativa de los reglamentos que desarrollen las normas generales, sobre el régimen de contratación, compras y todas las materias necesarias para el mejor funcionamiento, mantenimiento, conservación y modernización del Canal.

The regime contained in Title XIV may only be developed by laws that establish general rules. And the Board of Directors has among its constitutional powers the private approval of the regulations that develop the general rules, on the contracting regime, purchases and all the necessary matters for the better operation, maintenance, conservation and modernization of the Canal.

The regime contained in Title XIV may only be developed by laws establishing general rules. And the Board of Directors has among its constitutional powers the exclusive approval of the regulations that develop the general rules, on the regime of hiring, purchases and all the necessary matters for the best functioning, maintenance, maintenance and modernization of the Canal.

La ACP es dirigida por un Administrador y un Subadministrador, bajo la supervisión de una Junta Directiva integrada por 11 miembros. El Administrador es el funcionario ejecutivo de mayor jerarquía, representante legal de la entidad y responsable por su administración y por la ejecución de las políticas y decisiones de la Junta Directiva. El nombramiento del Administrador es por un período de siete años, luego de los cuales podrá ser reelegido por un período adicional.

An Administrator and a Deputy Administrator head the ACP under the supervision of an 11member Board of Directors. The Administrator is the highest-ranking executive officer and legal representative of the Authority, and is responsible for its administration and the implementation of the policies and decisions of the Board of Directors. The Administrator is appointed for a seven-year term, and may be re-elected for an additional term.

The ACP is headed by an Administrator and a Deputy Administrator, under the supervision of an 11-member Board of Directors. The Administrator is the highest-ranking executive officer, the entity’s legal representative and responsible for its administration and for the implementation of the Board’s policies and decisions. The Administrator is appointed for a term of seven years, after which he may be re-elected for an additional term.