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Panama Canal Expansion opens
22/7/2016
The Panama Canal $6 billion expansion has been completed and new voyages completed.
This expansion doubles capacity, allowing more channels for vessels to pass. The width and depth increase mean much larger vessels are now capable of taking the route.
With work formally beginning in 2007, the expansion project involved building new set of locks, excavating new channels and widening and deepening the existing channels.
A modern engineering marvel when originally opened in 1914, the government funded project ensures a far greater capacity for international trade travelling from the Atlantic to the Pacific.
The expansion has come into criticism over its viability however. Record low oil prices allowing alternative routes, as well as slugging global economic conditions mean the project may not hit targets originally forecast.
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