![]() The National Assembly of Panama and the country’s executive branch are reviewing the proposal, with final approval expected in the first quarter of 2008, according to Teresa Arosemena, spokesperson for the Panama Canal Authority (ACP). Panamanians approved the $5.25 billion expansion on Oct. “When the capacity of the canal is increased, and this will be a very substantial increase, it’s not only going to help the big ports, it’s going to help all ports,” said Thomas Valleau, executive director of the North Atlantic Ports Association based in Portland, Maine. The canal now can only handle vessels no larger than 965 feet long, 106 feet wide and with a draft of 39.5 feet. ![]() ![]() The decision to expand the 92-year-old Panama Canal should provide a major boost to East Coast and Gulf ports, even those that cannot handle post-Panamax vessels.īy building locks capable of handling much larger ships, and widening and straightening channels, the Panama Canal Authority will dramatically increase the canal’s capacity and allow the transit of vessels up to 1,200 feet long, 160 feet wide and with a draft of 50 feet. ![]()
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