Panoramic View of the Panama Canal’s New Cocoli Locks
- Business & Finance
The Panama Canal Authority (ACP) has just released the latest video from the Panama Canal Expansion project.
Taken just a few days ago, the picture shows panoramic view of the new Cocoli Locks on the Pacific side.
The official opening ceremony of the expanded canal will take place on Sunday, June 26th 2016.
According to the ACP, the inaugural transit begins at 7 a.m. at the Agua Clara Locks, on the Atlantic side. In the afternoon, when the ship is about to complete its transit, the inauguration ceremony will be held at Cocoli Locks in the Pacific side.
Currently, the work on the project is 98 percent complete.
The Panama Canal Expansion is the largest project at the Canal since its original construction. The project has been designed to create a new lane of traffic along the Canal through the construction of a new set of locks.
The new locks will double the canal’s capacity, accommodating vessels of up to 14,000 twenty-foot-equivalent units, depending on the vessel design. The current Panamax size is 4,500-5,000 TEUs.