Panama Canal Expansion project | Trevi
The project will create a new lane of traffic along the Canal thanks to the construction of a new set of locks, doubling the waterways capacity.
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Consorcio Panamá Cuarto Puente (CPCP), the consortium of Chinese state-owned firms originally selected by Panama's government in 2018 to design and build what was to be a 1,120-m-long two-tower cable-stay structure, has signed a contract addendum with the country's Ministry of. The Panama Canal expansion project (Spanish: ampliación del Canal de Panamá), also called the Third Set of Locks Project, doubled the capacity of the Panama Canal by adding a new traffic lane, enabling more ships to transit the waterway, and increasing the width and depth of the lanes and locks. 5 billion 10-year modernization plan, with its administrator making it known that the waterway's authority is moving at a frenetic pace to advance multiple projects including two new nearby port terminals and a gas pipeline connecting both oceans. The Monte Lirio anchorage project is a recent example of the Canal's steady improvement and to provide customers with greater flexibility. In this episode, recorded at CMA Shipping 2026, Seatrade Maritime News' Gary Howard speaks with Dr. A merchant ship crosses the new Agua Clara Locks during the inauguration of the Panama Canal expansion in 2016. Panama Canal infrastructure is evolving through bold investments in ports, water systems, and a new energy corridor.