Panama Canal Expansion on Schedule

6 February 2011 (Last Updated February 6th, 2011 18:30)

The planned $5.25bn expansion of the Panama Canal is expected to be complete in 2014. The amount of cargo moved will quadruple, while larger vessels will travel more quickly through the 48-mile ship canal, following the expansion. Panama is using the canal expansion to deve

The planned $5.25bn expansion of the Panama Canal is expected to be complete in 2014.

The amount of cargo moved will quadruple, while larger vessels will travel more quickly through the 48-mile ship canal, following the expansion.

Panama is using the canal expansion to develop its own port with some dredge material being used to increase landside facilities on the Atlantic and Pacific ends of the canal.