• In 2005, PPC and the State voluntarily entered into an addendum to the concession contract, which was in accordance with all applicable legal requirements and approved by Law 55 of 2005. Under this addendum, PPC committed to invest more than $1,000 million balboas and to make an additional payment of $102 million balboas for the infrastructures it had inherited when it assumed the concession of the ports of Balboa and Cristóbal in 1997. This agreement reflected a strong commitment from the company and allowed all port operators in Panama to compete on a level playing field, as they do today. • PPC has made significant investments that exceed $1,695 million balboas, surpassing not only the $50 million investment required under the original concession contract, but also the $1,000 million agreed under the addendum, as confirmed by the Comptroller General of the Republic in 2020 after a thorough audit process that lasted approximately 4 months. (....)