Bidding Plans. The new locks, with water-saving basins, are the most expensive component. Their combined price tag of $3.35 billion is almost 60% of the entire project cost.

GATUN, Panama — The Panama Canal’s expansion is finally beginning to look like a channel that will float some of the biggest ships in the world by mid-2015.

The Panama Canal Expansion Project consists of two new locks, one each on the Atlantic and Pacific sides. Each will feature water-saving basins intended to reduce the environmental impact.

The Panama Canal’s expansion is finally beginning to look like a channel that will float some of the biggest ships in the world by mid-2015. About 42 percent of the work on the massive new locks ...

Amid exploding fireworks and waving flags, a Chinese ship carrying more than 9,000 containers on Sunday entered the newly expanded locks that will double the Panama Canal's capacity in a ...

The experience will be part of 10-day Panama Canal cruises out of Fort Lauderdale, Fla. scheduled through the winter of 2017-18. There are two new sets of locks at the Panama Canal, one each on ...

PANAMA CITY – The Panama Canal administrator says a consortium building new locks won the $5.2 billion contract in a fair and open process. Alberto Aleman Zubieta says the work is on schedule ...

The $5.25-billion expansion of the Panama Canal entered its latest phase in June, as the recently completed Atlantic and Pacific locks of the new third lane were flooded for the first time.

A look at the Panama Canal and its newly expanded locks, which were formally inaugurated Sunday: The canal: Opened on Aug. 15, 1914, the Panama Canal was constructed by the United States between ...

The Panama Canal Authority (ACP) released its ... The ACP will meet with consortia representatives in February 2008 regarding the content of the RFP for the construction of the new set of locks.

The Panama Canal Authority announced that the contractor building new locks for the expanded waterway agreed to restart its construction project Feb. 20.

More than half the $5.25 billion budgeted for the expansion of the Panama Canal -- $3.35 billion -- will be spent on new single-lane, three-step locks at the Atlantic and Pacific entrances, as ...