February 15, 2015 - The big news for the Panama Canal expansion is that the project is about 85% complete and moving steadily ahead for completion in early 2016. The 5 billion plus dollars project is spurring economic progress for Panama, surrounding Latin American countries and the United States. Increased ship sizes transiting the Panama Canal has brought numerous upgrades to port facilites, rail connections and other facilites to handle the increased volumne of container goods in the United States on the East and Gulf coasts.
The new "gates" for the Panama Canal expansion are being installed. The eight new gates for Pacific Ocean side of the project have been delivered and are being installed with the Atlantic side installation is nearing completion.
New Panama Canal Gate Sliding into Place
The Suez Canal Expansion
February 25, 2015 - Egypt has reached a 67.5% completion rate for the Suez Canal expansion. Adding another canal parallel to the original canal is going to allow two way traffic where none was available before speeding transit time.
The Suez Canal is projected to increase revenue to 13.5 billion per year not including new shore support facilites included in the project. Completion of the Suez Canal is expected to be in August of 2015
Proposed Route of the Nicaraguan Canal
February 25, 2015 - Nicaragau with its Chinese investors had its ribbon cutting ceremony at the Pacific entrance of the proposed canal to kick off the canal project. Details regarding the route, environmental, socail and economic impact have slowly come to light. The details have been hard to come by as the joint company of Chinese and Nicaraguans have a history of non-transparency.
Seen below is the proposed route map and cross section for the Nicaragua Canal. The purchase of the land along the route has not been completed and is drawing controversy as the Nicaragauns along the route oppose the canal project while those outside the route approve by over 70%.