Xinhua - July 15, 2015
PANAMA CITY, July 14 (Xinhua) -- The expansion project of the Panama Canal will create more opportunities for the cooperation on infrastructure between China and Latin America, a Chinese official said Monday.
The canal, which was built 101 years ago, is undergoing an expansion project of 5 billion U.S. dollars to allow larger modern vessels to go through.
Upon its completion in 2016, the canal will be able to accommodate so-called Post-Panamax ships that are larger than Panamax ships, which is important for trade between the Americas and Asia.
A Panamax ship, determined principally by the dimensions of the canal's lock chambers, is no more than 300 meters long, no more than 33 meters wide and has a draft no more than 12 meters deep.
Ports in the Caribbean countries and other Atlantic coastal nations will therefore need to update their facilities to receive bigger vessels, which will provide new opportunities of construction projects for Chinese companies, said Wang Jian, deputy representative of the Chinese Commercial Development Bureau in Panama.
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