New locks mark transit #4,000

910Views 1Comments Posted 29/07/2018

The passage of the LNG Maria Energy, through the expanded Panama  Canal locks on Sunday, July 29, marked the 4000th neopanamax transit since the  $5.6 billion project was completed two years ago.

The expansion of the Canal, through which passes about 6 percent of world trade,  began in 2007 with a target cost of $5.25 billion. an amount that has risen by at least $373.3 million for the payment of claims to contractors of The United for the Canal Group (GUPC), led by the Spanish Sacyr and integrated with Impregilo (Italy), Jan De Nul (Belgium) and CUSA (Panama),

The ACP presented an operating budget for the 2018-2019 fiscal year amounting to $3,239.5 billion, higher than the current  $3,037.5  billion.

The Authority foresees direct contributions to the National Treasury of  $1,736 billion  $77 million more than the current calculation.