Panama Canal expansion delayed to late 2015

01 November 2013 18:17  [Source: ICIS news]

HOUSTON (ICIS)--The Panama Canal expansion has been delayed again because of slower-than-expected work on electromechanical machinery, according to a statement from the canal on Friday.

The Panama Canal Authority (ACP) issued a statement stating that the completion of the Pacific locks would be pushed back from April 2015 to 30 June 2015 because of modifications required on the electromechanical works.

The Atlantic locks will be completed in March 2015, the statement said.

The ACP’s statement did not say when the completed Pacific lock would open, but a shipping industry website, Seatrade Global, said the testing of the locks would take three months and that the expansion would not be open for commercial transits until the fourth quarter of 2015.

The $5.25bn (€3.89bn) canal expansion originally was to be completed in the second half of 2014, but there have been other delays because of problems with the delivery of the locks.

($1 = €0.74)

By: Lane Kelley
+1 713 525 2653

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