Panama Canal expansion maybe facing delays – AJOT.COM |

According to a Reutres news report, ​Panama will know in a few months whether the long-awaited expansion of its famous shipping canal will meet the 2014 deadline for completion or face further delays.

The $5.3 billion (Dhs19 billion) canal overhaul — already about six months behind schedule — will allow newer, bulkier container ships to pass through the canal’s locks and gates, speeding up greater loads of cargo between Europe and Asia.

The Panama Canal Authority, financially independent from the government, has set a completion date of October 2014. Delays in laying concrete may create the hold-up, he said.

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via AJOT.COM | Panama Canal expansion maybe facing delays.

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