Tuesday, May 26, 2009

Will Panama Canal be expanded?

Due to the huge increase in ships transiting the Panama Canal over the last decade, it was decided to expand the canal.

Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks that will double capacity and allow more traffic and longer, wider ships.

However, the bids came in about 35% over budget.

I suspect the Panama Canal authority will ask for rebids.

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