Panama Canal Expansion Project

Panama Canal Expansion Project

The expansion of the Panama Canal (Third Set of Locks Project) is a project that will double the capacity of the Panama Canal by 2015 by allowing more and larger ships to transit. Then-Panamanian President Martín Torrijos presented the plan on April 24, 2006, and Panamanian citizens approved it in a national referendum by 76.8 percent of the vote on October 22, 2006.

The project creates a new lane of traffic along the canal by constructing a new set of locks. The project includes the following integrated components:

  • Construction of two lock complexes—one each on the Atlantic and Pacific sides—each with three chambers, which include three water-saving basins;
  • Excavation of new access channels to the new locks and the widening of existing navigational channels; and
  • Deepening of the navigation channels and the elevation of Gatun Lake's maximum operating level.

On September 3, 2007, after approval by the Cabinet, National Assembly, and referendum, the Panama Canal expansion project officially started. Panama's then-president Martín Torrijos stated that the canal would generate enough wealth to transform Panama into a First World country. The project is also expected to reduce poverty by about 30 percent, resulting in an 18 percent poverty rate in Panama afterwards.

Outside Panama, the expansion will create demand along the US Eastern Seaboard for ports to handle post-Panamax ships; as of November 2012, although ports are considering renovations including dredging, blasting, and bridge-raising, only Baltimore, Maryland, Norfolk, Virginia, and Miami, Florida will be ready for these larger ships. The UK port of Liverpool is also undergoing massive expansion to take post-panamax vessels.

Read more about Panama Canal Expansion Project:  Background, Construction Timeline, Finances, Environmental Impact, Employment Generation, Voices Supporting The Project, Voices Against The Project, See Also

Other articles related to "canals, panama canal expansion project, panama, canal":

Lists of Canals
... Europe Canals of France Canals of Amsterdam Canals of Germany Canals of Ireland Canals of Russia Canals of the United Kingdom North America Canals of Canada Canals of the ...
Panama Canal Expansion Project - See Also
... Panama portal Bayonne Bridge, an American bridge to be heightened to accommodate post-Panamax ships Nicaragua Canal Tehuantepec Route Megaproject ...
Berkhamsted - Canal
... The Grand Junction Canal runs through Berkhamsted parallel to the High Street ... The canal later became part of the Grand Union Canal in 1929 ... With the advent of canal transport, Castle Wharf became a hub of inland water transport and boat building activity ...
Rideau Canal
... The Rideau Canal (French Canal Rideau), also known as the Rideau Waterway, connects the city of Ottawa, Ontario, Canada, on the Ottawa River to the city of Kingston ... The canal system uses sections of major rivers, including the Rideau and the Cataraqui, as well as some lakes ... The canal was opened in 1832 as a precaution in case of war with the United States ...
Rideau Canal - Skateway
... In winter, a section of the Rideau Canal passing through central Ottawa becomes officially the world's largest skating rink ... In response, the Rideau Canal was rebranded as "the world's largest skating rink" ... Although some residents of Ottawa had been using the canal as an impromptu skating surface for years, the official use of the canal as a skateway and tourist attraction is a more recent innovation ...

Famous quotes containing the words project, expansion and/or canal:

    In 1869 he started his work for temperance instigated by three drunken men who came to his home with a paper signed by a saloonkeeper and his patrons on which was written “For God’s sake organize a temperance society.”
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    We are caught up Mr. Perry on a great wave whether we will or no, a great wave of expansion and progress. All these mechanical inventions—telephones, electricity, steel bridges, horseless vehicles—they are all leading somewhere. It’s up to us to be on the inside in the forefront of progress.
    John Dos Passos (1896–1970)

    My impression about the Panama Canal is that the great revolution it is going to introduce in the trade of the world is in the trade between the east and the west coast of the United States.
    William Howard Taft (1857–1930)