Panama Canal Update: Sailing to Greatness

 17 Feb 2016    Cargo Volumes and Throughput, Carriers, Container Handling, Containers, Going Places, Ports

The Panama Canal Authority has recently released its February edition of the expanded Panama Canal, which shows the most up-to-date instalment to the canal’s construction process.

The canal is now entering its final lay, with global expansion process currently standing at 96%.

The third set of locks project is 95% complete and the canal is continuing its move forward with electro mechanical installation to ensure it is completed by the end of June, 2016.

Currently, the project has cost a total of more than US$5 billion when taking into account the repair costs for the recent crack discovered at the bottom of one of the lock gates.

(Source: Panama Canal / YouTube)

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