Panama Canal Expansion reaches 46.5% completion

Panama Canal expansion works

Panama Canal expansion works going forward.

The Panama Canal expansion project, with an estimated investment of $5,250 million, recorded on September 31 an advance of 46.5 percent, according to a quarterly report of the Panama Canal Authority.

The balance was given in the 24th quarterly audit of Advance in the Expansion Contract, under an Act of July 17, 2006.

It noted that up until September 30 contracts were awarded under the Expansion Program for the amount of $4,287,231,582.01.

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