5 May 2024
Expanded Panama Canal opens for business
Publication date: 27 June 2016
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The newly-expanded Panama Canal opened for business on Sunday, allowing a Neopanamax container vessel to pass for the first time en route to Asia, the Panama Canal Authority (ACP) said over the weekend.
The USD 5.25 billion expansion project started in 2007 and was expected to finish in 2014, to coincide with the Canal’s 100th anniversary.