9-year expansion work of Panama Canal overwhelms constructors, II

The accomplishment of expanding the Panama Canal does not come easy, and there is something behind the two years’ delay.

(Soundbite) Ilya Marotta, Head of Canal Expansion Work
“Those defense facilities work very well. There were things that were questioned, or there was an uncertainty, as some people once said that they would not work, especially the filling and emptying system. (Do not worry,) let us listen to the people who will operate these locks. They are happy with the products”

The new locks are expected to earn between 400 million to 450 million U.S. dollars in their first year of operation, as more U.S. gas and oil export will take the route.

(Soundbite) Jorge Luis Quijano, Canal Administrater
“There were 40 or 50 daring practices and we have that experience while observing the steps. That leads us to be ready to carry out the inaugural steps. All the traffic work we have done will have not any eventuality. We are pleased that the locks are really competent as we expected.”

Currently, about 35 to 40 vessels transit the waterway each day, with some 6 percent of world maritime commerce handled here.
According to Canal authorities, it has generated 10 billion U.S. dollars in direct income for the Panamanian state from 1999 to 2015, responsible for about 40 percent of the country’s GDP.

(Soundbite) Ilya Marotta, Head of Canal Expansion Work
“Our customers and the people to whom we owe must be sure that the Panama Canal will always remain at the forefront of what the industry is out doing. We want to be a country that maintains its relevance as a traffic route globally important and will always be here to provide new ideas as well as quality and efficient service for our customers.”

The Panama Canal was constructed by the United States between 1904 and 1913 at a cost of 375 million U.S. dollars, and inaugurated on August 15, 1914.

It was under U.S. control, until a 1977 agreement between Presidents Jimmy Carter and Omar Torrijos paved the way for its transfer to Panama on December 31, 1999.

Leave a Comment