The Panama Canal Authority (ACP) has awarded a $40m contract to Dredging International to dredge an area of Gatun Lake, an artificial lake that forms a major part of the Panama Canal.
The ACP said the contractor will dredge about 4.6 million cubic metres in the northern reaches of the lake to widen and deepen the existing navigational channel.
Dredging International will also construct a set of locks that will double the canal’s capacity..
The Fresh Water Dredging and Excavation Project for the Canal Expansion includes the removal of around 30 million cubic metres of material from Gatun Lake and Corte Culebra, the ACP said.
Scheduled for completion in 2014, the dredging project is part of the ACP’s $5.25bn expansion programme.