Panama Canal Expansion More than 75 Percent Complete, Says Canal Authority
The Panama Canal expansion project is now more than 75 percent complete after Panama received a shipment of the first gates to the expansion site, said the Panama Canal Authority (ACP) in a July 21 statement. The shipment of the…
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first eight gates account for half of the total gates intended to be used in the expansion, said ACP. The ACP and the consortium commissioned to construct the canal expansion project, Grupo Unidos por el Canal. S.A., brokered a long-term deal in March to continue construction on the canal, ending an impasse in contract negotiations (see 14031711). The two sides are targeting the end of 2015 for completion.