Panama Canal Breaks Ground

Tuesday, September 04, 2007
A crowd, totaling an estimated 30,000, included world leaders in business and government joined employees of the Panamanian government and the Panama Canal Authority (ACP) in a ceremony and groundbreaking to celebrate the beginning of the first-ever expansion of the nearly 100-year-old waterway.

Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships. Today’s event inaugurates the first construction project of expansion: a dry excavation project on Paraiso Hill that begins the construction of the new Pacific Locks access channel.

The new Pacific Locks access channel will ultimately connect the Gaillard Cut to the new Pacific Locks. In a national referendum October 22, 2006, Panamanians voted to expand the Canal, a momentous step that will ultimately secure their future and that of world trade. Expansion will double Canal capacity to more than 600 million Panama Canal tons, tighten the global supply chain and help get goods to market faster. After scores of analyses, studies and planning, expansion begins today.

“We have researched and planned this project for years; we have the approval of the Panamanian people. As we stand here today, our vision and perseverance have paid off. Now, it is time to execute. Now it is time to begin the expansion of the Panama Canal,” said ACP Administrator/CEO Alberto Alemán Zubieta.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Pentagon: Cut in LCS Ship Program 'Not an Indictment'

U.S. Deputy Defense Secretary Robert Work said the Pentagon's plan to truncate the Littoral Combat Ship program at 40 ships instead of 52 reflected budget pressures

Migrants Reaching Europe by Sea Soars 10-fold

Ten times as many migrants and refugees arrived in Europe by sea in the first six weeks of the year as in the same period of 2015, and the number of deaths also soared,

Australia Submarines: It is Japan vs. France

While Japan is confident it has proven itself the best contender to build Australia's new submarines, the French have moved to undermine Japan’s bid to build the navy’s new submarines.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0685 sec (15 req/sec)