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The Panama Canal expansion project (Spanish: ampliación del Canal de Panamá), also called the Third Set of Locks Project, doubled the capacity of the Panama Canal by adding a new traffic lane, enabling more ships to transit the waterway, and increasing the width and depth of the lanes and locks, allowing larger ships to pass.
Jun 3, 2016 · With the opening of the long-awaited Panama Canal expansion project this June, all eyes are on the impact the $5.25 billion engineering marvel will have on maritime traffic across the vital international lanes that link the Pacific, the Atlantic and the Gulf of Mexico.
May 21, 2021 · Its 25-year contract for the Port of Cristobal is set to expire on January 16, 2022, and Hutchison submitted a request for an extension in March 2021; the Panamanian government now faces the critical decision of whether to continue the extendable concession contract or pursue an open bidding process.
The Panama Canal, which was completed in 1914, connects the Atlantic and Pacific oceans and significantly shortens some shipping routes by allowing vessels to bypass South America. This infographic provides a timeline and map of the Panama Canal along with a number of interesting facts.
Work recently began on a substantial expansion effort that will allow the canal to accommodate modern cargo needs. PBS NewsHour recently interviewed several regional experts to discuss the...
Nov 17, 2009 · A Spanish company at the head of an international consortium has won the major part of the contract for the expansion of the Panama Canal. This analysis sums up the history, the present and the future plan of an oceanic corridor of prime importance in world politics and the world economy.
Jun 22, 2016 · After an intense two-year competition, a consortium led by a Spanish company in severe financial distress learned that its rock-bottom bid of $3.1 billion had won the worldwide competition to...
