Panama Canal Expansion 5-Year Update

Press Release
Tuesday, September 25, 2012

Five years ago, the Panama Canal Expansion broke ground at Paraiso Hill & the latest update shows progress estimated at 44.5%.

"The Panama Canal Expansion Program is moving forward at a good pace.  The program has made positive contributions to Panama´s economy such as direct employment, investments, knowledge and technological transfer,” said Panama Canal Administrator/CEO Jorge L. Quijano.
 
Three of the four dry excavation projects have been completed and the 4th project reached 67% through August 31, 2012. The dredging of the Pacific and Atlantic entrances and of the Gatun Lake are advancing as scheduled with progress reaching 92%, 98%, and 76% respectively.
 
The locks design and construction has reached 31%. The locks gates are being fabricated in Italy and the first four gates should be shipped to Panama during the first quarter of 2013. The last four gates should be in Panama in the first quarter of 2014. Concurrently the valves are being fabricated in Korea and delivery of valve components to Panama has been ongoing for some time now and are being incorporated into the lock structure. The contractor is expected to complete the main lock structure and begin precommissioning tests in the dry during the first quarter of 2014, with flooding of the locks and final commissioning then planned to start in September 2014.
 
The Panama Canal Authority is closely monitoring progress on every component of the Expansion Program to guarantee that contractors comply with the quality required by each contract.


 

Maritime Today


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

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

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

News

US Hospital Ship Aids South Korean Sailor

A U.S. hospital ship conducted a medical evacuation, or “medevac”, May 27 to assist an ailing Republic of Korea sailor aboard a Republic of Korea Navy (ROK-N) submarine.

Details El Faro's Sinking Emerge from US Probe

U.S. investigators on Friday concluded two weeks of hearings into the sinking of cargo ship El Faro in a hurricane last fall that included reports the vessel had

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

 
 
Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators 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: 0.1076 sec (9 req/sec)