A $5 bil­lion face-lift ex­pands pas­sage through the Panama Canal

Bloomberg Businessweek (Asia) - - NEWS - Alex Nuss­baum, Nau­reen S. Ma­lik, and Christo­pher Can­non

Nine years of con­struc­tion work, at a cost of more than $5 bil­lion, have equipped the Panama Canal with a third set of locks and deeper nav­i­ga­tion chan­nels, im­prove­ments that will dou­ble its ca­pac­ity. When the new locks slide open for the first time in late June, the re­ver­ber­a­tions will be felt at Asian gas ter­mi­nals, on Great Plains farms, and in ports from Long Beach, Calif., to San­ti­ago, Chile.

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