panama canal expansion Archives | Infrastructure-Info.com

Panama Canal Expansion Construction in a 2 Minute Time Lapse Video

Nine years in the making, the Panama Canal Expansion opened on June 26, 2016. This time-lapse video shows the five years of construction on the Third Set of Locks (“Neopanamax” locks). The new locks will allow show ship than twice the current limit to pass through the Panama Canal.

Michelle2016-12-06T23:34:01-08:00June 25th, 2016|Panama, Public-Private Partnerships|

The Panama Canal: A Risky Bet

The New York Times » According to this investigatory report by The New York Times, the consortium that was awarded the $3.1 billion Panama Canal (“Panamax”) contract is seeking $3.4 billion in excess expenses. Construction on the megaproject was completed two years behind schedule due to internal disputes, work stoppages, porous concrete, cracks in the concrete, and water shortages. The Panamax was built to move 12 giant ship per day. However, the new locks can only handle up to three “neo-Panamax” ships per day, guided by tugboats driven in reverse, which is “something that cannot be done.”

Michelle2017-06-30T10:14:13-08:00June 22nd, 2016|Panama, Public-Private Partnerships|

Panama to Open $5.3B Canal Expansion June 26 or ‘Lose Face’

Bloomberg Business »

The Panama Canal will soon be able to accommodate vessels carrying 12,600 containers, which is three times its current capacity. The $5.3 billion expansion project is 97% complete, and is expected to open on June 26, nearly two years behind schedule.

Michelle2016-12-06T23:34:04-08:00March 22nd, 2016|Panama, Public-Private Partnerships|