Project name: Panama Canal Expansion Project
Industry: Aviation & Port
Project size: US$3.2 billion
The US$3.2-billion Panama Canal Third Set of Locks project is one of the world’s most notable engineering megaprojects. At the heart of a $5.25-billion expansion of the Panama Canal, the new locks will allow the waterway to double its shipping capacity by 2025. The project consists of the construction of two new lock complexes – on the Pacific and Atlantic sides of the Canal, respectively – which will be 40% longer and 60% wider than the original locks. The expansion project team comprises leading international contractors and consultants, including CH2M Hill as program manager and a design team and construction consortium including organizations from Italy, Spain, Belgium, the Netherlands, Argentina, the U.S., and Panama.