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Panama Canal expansion

Project Stages

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Early Works
In Construction
Under Construction
Start: 06/2007
Completion: 06/2016
Operation
Current Stage In operation
Start:06/2016
Project Details

Description

The program includes the construction of two new sets of locks – one on the Pacific side and one on the Atlantic side of the canal. Each lock will have three chambers and each chamber will have three water reutilization basins. The project increases the navigation capacity of the canal by 600Mt/y and permits post-Panamax ships of up to 366m in length and capacity of up to 12,500 TEUs to use it. Expansion work has generated over 10,000 jobs.

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Principal Works

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

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Key Specs

Full Name
Panama Canal expansion
Project Type
Canal
Development Phase
In operation
Project Status
Active
Project Capacity
 Canal
Investment
US$ 5.25bn
Completion Date
2016
Location

One set of locks will be built on the Pacific end, to the southeast of the Miraflores locks; the other set will be located to the east of the Gatún locks.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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CEO
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