Panama Canal Open Date Unveiled
A new set of larger locks is set to be completed at the end of June, 2016 for the expanded Panama Canal after year-long delays and a crack that was found at the bottom of one of its 16 rolling gates in the Cocoli Locks, according to Reuters.
Salini Impregilo and Sacyr, two companies who are leading a consortium involved with the project construction, are currently in the process of testing the Panama Canal before it comes into operation.
The aforementioned crack was discovered in mid-2015, with industry sources reporting that the repair works could lead to extensive delays, which has recently been the case.
This project hasn’t yet been approved; however, the Panama Canal is focusing its efforts on a new logistics zone, as well as the construction of its new transhipment container terminal at Port Corozal, in order to limit the number of port calls from post-Panamax ships in the Western Hemisphere.