May opening confirmed for Panama Canal

22 February 2016

Canal Panama

Canal Panama

The expanded Panama Canal system will come into operation on 31 May, it has been announced.

Ilya Espino R. Marotta, vice president of engineering and program management for the project, said the new system of locks on the waterway would be running at full capacity from the outset.

The project, which began in 2007, and is intended to double the capacity of the bi-oceanic route, had an initial budget of US $ 5,200 million and opening date in 2014.

Following a claim for overpayments by the consortium Grupo Unidos por el Canal, however, the project suffered several delays, including a number of strikes by construction workers, and a total cessation of work for several weeks in 2014.

According to the latest information released by the executive, the current works are now 96% complete and the project is on schedule following last month’s repair of cracks in the lock system.

The process of filling and emptying the final locks can now proceed, as well as tests on the synchronisation control system, before the first ship tests the new structure in late April.

Latest News
Mace wins Hong Kong railway extension project
Hong Kong has appointed Mace as a management partner for a railway extension project
Former dealer sues Caterpillar for $100m in damages
A former Caterpillar dealer based in Venezuela has filed a lawsuit seeking more than $100 million in damages from the US-based manufacturer
Point of Rental updates Essentials platform
Update aims to provide a smoother checkout process