VIDEO: Panama Canal Expansion Enters Countdown Stage

Business & Finance



The Panama Canal expansion is entering its final construction stage having reached 88% completion.

The third set of locks is 85 % complete and the project is now focused on electro-mechanical installations laying the groundwork for finishing touches to ensue.

Upon completion, the two new lock complexes will have a total of 16 gates, eight in the Pacific and eight in the Atlantic.

The USD 5.2 billion expansion project is slated for completion in December 2015.

To hear more about the ongoing activities watch the video above. Enjoy!

World Maritime News Staff; Video: Panama Canal Authority