Panama Canal Expansion – July 2015 (VIDEO)
- Business & Finance
The latest update for the largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program, has been just released.
The massive Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks, increasing the waterway’s capacity. The new locks will have three chambers, water-saving basins, lateral filling and emptying system & rolling gates.
Grupo Unidos por el Canal, S.A. (GUPC), the main contractor responsible for the design and construction of the Panama Canal’s third set of locks, won the largest contract under the Panama Canal’s $5.25 billion expansion program. The consortium includes Spain’s Sacyr Vallehermoso, Italy’s Impregilo, Belgian Jan de Nul Group and Panama’s Constructora Urbana SA.