The Expansion of the Panama Canal

Full document with the Proposal for the Expansion of the Panama Canal - Third Set of Locks Project

Friday, June 18, 2010

The third set of locks project is a plan to expand the Canal’s capacity composed of three integrated components:
1- the construction of two lock facilities – one on the Atlantic side and another on the Pacific side – each with three chambers, each which include three water reutilization basins;
2- the excavation of new access channels to the new locks and the widening of existing navigational channels; and,
3- the deepening of the navigation channels and the elevation of Gatun Lake’s maximum operating level.

Objectives of the expansion of the Canal’s capacity through the construction of the third set of locks
1- Explanation of the third set of locks project
2- Estimated schedule for the construction of the third set of locks
3- Estimated cost for the construction of the third set of locks
4- Profitability and financial results

Basis for the proposal
1- Background information
2- Demand opportunities
3- The capacity challenge
4- The importance of expanding the Canal’s capacity now
5- Basis for the configuration of the proposed third set of locks
6- Environmental and social aspects of the third set of locks project
7- Water supply
8- Profitability and benefits of the third set of locks project
9- Employment generation and economic benefit for Panama as aresult of the third set of locks

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Commercial validation of the Grand Canal of Nicaragua project has been underpinned by the opinions expressed by the Head of Daily Operations at Maersk Line, Keith Svendsen, who told Shippingwatch.com that while the Panama Canal expansion will allow the passage of much larger vessels than at present, the maximum length that will be admited is 336 meters, while the Triple-E series used by the leading global shipping company, now measures 400 meters.

Worldwide Concern Over Canal Expansion Conflict

January 2014

The threat of paralyzing the work of the third set of locks of the Panama Canal is keeping maritime and port operators around the world on tenterhooks.

The conflict between the construction consortium (GUPC) headed by the Spanish Sacyr and the Panama Canal Authority (ACP), which originated over the demand for the first payment of $1.6 billion in cost overruns and the ACP's rejection of that claim, threatens to extend the opening of the expanded waterway, through which 5% of the world's maritime cargo passes, to beyond 2015.

Maersk Will Continue Operating Through Panama Canal

April 2013

Modification of two routes to pass through the Suez Canal is temporary, until works have been completed on the Panama Canal expansion.

So stated by Ariel Frias, marketing and communications manager of Maersk Line, a company which has used the waterway for over 90 years as a route to transport goods to different continents.

The Expansion of the Panama Canal

June 2010

Full document with the Proposal for the Expansion of the Panama Canal - Third Set of Locks Project

The third set of locks project is a plan to expand the Canal’s capacity composed of three integrated components:
1- the construction of two lock facilities – one on the Atlantic side and another on the Pacific side – each with three chambers, each which include three water reutilization basins;

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