The Panama Canal expansion began in 2007 and is scheduled to be complete in 2014.
The project to expand the Panama Canal has advanced by some 20%, and contracts worth a total of more than $4 billion dollars, of the estimated total of $5.25 billion, have been awarded according to the Panama Canal Authority (ACP).
The largest segment of this multi-billion dollar mega project is the construction of two new locks, which will be located at the entrance to both Pacific and Atlantic, to allow for the passage of the giant PostPanamax ships.
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