Panama Canal Expansion Marks Milestone, Keeps Eye on Nicaragua Rival

SUGAR LAND--January 22, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The Panama Canal Authority on Monday marked a milestone in its canal expansion project with the installation of the massive first gate for the new locks on the Pacific side. The new canal lane will double the canal's capacity by 2016. But the waterway may have a rival in a few years--a groundbreaking ceremony was held in December for the Nicaragua Interoceanic Grand Canal. Within this article: Details of the Panama Canal expansion project and the Nicaragua Interoceanic Grand Canal project.