Project Scope
The expansion project was centered around adding this major feature.
A third set of locks
Construction activities like dredging and excavation that temporarily affect ecosystems are an example of this type of impact.
Direct Impacts
The expansion allows larger vessels, reducing this per unit of cargo.
Transportation costs
This country took over construction and opened the canal in 1914.
The United States
Each lock chamber includes three of these to capture and reuse water.
Water reutilization basins
Changes in global shipping patterns and port development caused by the expansion are examples of this type of impact.
Indirect impacts
The project was estimated to generate this approximate internal rate of return.
12%
The French effort failed due to these three major factors.
financial problems, engineering challenges, and disease
The expansion allows these larger vessels to pass through the canal.
Postpanamax/Neopanamax vessels
Ecological effects on flora and fauna and impacts on nearby communities are examples of this type of impact.
Qualitative impacts
Annual canal revenues were projected to exceed this amount by 2025.
$6 billion
Full control of the canal was transferred to Panama in this year.
1999
The operational level of this lake was raised to increase water storage capacity.
Gatun Lake
Ecological disturbances and impacts on nearby communities that are not included in the canal authority’s financial system fall under this category.
Externalized impacts
The canal competes with this alternative global shipping route.
The Suez Canal
The expansion proposal was approved through this process in 2006.
A national referendum
Raising Gatun Lake allowed approximately this many additional ship transits per year.
~1,100 additional transits per year
Classifying impacts into categories such as direct vs indirect and short-term vs long-term is part of this process used in the project.
An Environmental Impact Assessment (EIA)
The Panama Canal expansion project had an estimated total cost of this amount.
$5.25 billion
In what year did the expanded Panama Canal officially become operational and allow larger vessels to pass?
2016