The suspension was due to high water levels at lakes Gatun and Alajuela as a result of heavy rains.
"Executive Vice President of Operations for the ACP, Manuel Benitez, said the decision was made because transit through the Canal could be affected by the Chagres River currents, which flows into the channel at Gamboa and flows to Alajuela," reports Prensa.com.
He added that they are already taking steps to normalize the situation during the course of the next few hours.
The Panamanian response, in the event of any of the inter-oceanic canal projects materialising, would be to create another expansion of the Canal.
This was the announcement by Jorge Quijano, chief administrator of the Panama Canal Authority (ACP), after hearing about the intentions of Guatemala and Nicaragua to build two oceanic canals, on land or water.
Transit through the canal was resumed after temporary closing caused by heavy rains.
On Wednesday, December 8, at about noon the decision was made to close the Canal in order to ensure safe passage.
"The Gatun and Alajuela lakes reached record levels due to heavy rains at the basin of Alajuela, forcing preventive dam spills in Gatun and Madden; it was reported in a note by the Panama Canal Authority," reports Prensa.com.
Russian authorities announced they must reevaluate the conditions for the construction of an inter-oceanic channel in Nicaragua.
A year ago, Russian president Dimitry Medvedev agreed to analyze the participation of Russia's private and public sectors in the construction of a $18 billion channel linking the Pacific with the Atlantic Ocean through Nicaragua.
The date of completion of the works will still be the end of 2015, with attempts being made to make up for lost work days during the recent general strike of construction.
Despite the progress made in the project to date, the challenge for the canal administration and for for Consortium Grupo Unidos por el Canal, in charge of the work, will be to meet the deadline, after work was paralyzed for another two months.
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