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Leaky locks may delay widening of Panama Canal

Monday, November 2, 2015

The April opening of Panama’s $5.3 billion expanded canal, originally set for 2014, could be delayed further depending on repairs to leaks discovered in the new locks during testing as the waterway ends a year of record shipments, administrator Jorge Quijano said.

The contractor building the new locks is expected to file a report within the next three weeks on the repair time line and any delay in the opening “shouldn’t be much if there is one,” Quijano said.

Source: Bloomberg