Executive Briefings

Panama Canal Widening Project Reported to Be More Than 60 Percent Finished

The Panama Canal Authority, or ACP, says the $5.2bn widening of the Panama Canal is more than 60 percent complete. The first four of 16 gates for the canal's third set of locks marked a construction milestone. Locks are nearly 50 percent finished; concrete work is two-thirds done; and water-saving basins are about 40 percent complete.

Panama Canal Widening Project Reported to Be More Than 60 Percent Finished

The project was set back by six months after ACP rejected concrete mixes for the lock structure in 2011 because they were not up to the 100-year standard indicated in the contract.

Crews this month wheeled ashore the first four of the 16 gates"”each the size of a 10-story building"”for the canal's new locks. Mounted on self-propelled motorized wheel transporters, each of the 3,100-ton gates was off-loaded onto a temporary dock on the Atlantic side of the waterway, not far from the new locks that will be their permanent home.

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The project was set back by six months after ACP rejected concrete mixes for the lock structure in 2011 because they were not up to the 100-year standard indicated in the contract.

Crews this month wheeled ashore the first four of the 16 gates"”each the size of a 10-story building"”for the canal's new locks. Mounted on self-propelled motorized wheel transporters, each of the 3,100-ton gates was off-loaded onto a temporary dock on the Atlantic side of the waterway, not far from the new locks that will be their permanent home.

Read Full Article

Panama Canal Widening Project Reported to Be More Than 60 Percent Finished