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Panama Canal expansion to be open by July

Wednesday, March 23, 2016


The expansion of the Panama Canal, a $5.3 billion project almost two years behind schedule and plagued by cost overruns and contractor disputes, is expected to be opened by the end of June, according to the agency that operates the waterway.

The Panama Canal Authority has resolved problems associated with contractors and seepage from the new locks discovered during testing, said Jose Ramon Arango, senior international trade specialist at the agency that operates the waterway.


Source: Bloomberg