Caribbean & Central America - November 2012 (ISSN 1741-4458)

Canal progress update: The new Panama Canal administrator, Jorge Luis Quijano, announced on 25 September that as of 31 August, roughly 44.5% of the US$5.2bn Canal expansion programme had been completed. According to a statement by the Panama Canal Authority (ACP), “three of the four dry excavation projects have been completed and the 4th project reached 67%... The dredging of the Pacific and Atlantic entrances and of the Gatun Lake are advancing as scheduled with progress reaching 92%, 98%, and 76% respectively. The locks design and construction has reached 31%”. While the expansion plan was due to be completed in October 2014, in July the ACP announced the completion date had been pushed back to April 2015 due to a seven-month delay in pouring cement.

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