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The multi-billion-dollar expansion of the Panama Canal is set to open on 26 June 2016.The project includes expansion of the 50-mile long waterway to manage increased levels of traffic and bigger cargo ships. Work involves construction of two new sets of locks, one each on the Atlantic and Pacific Ocean sides, excavation for new entrance channels to the new locks, widening and deepening the existing channels, as well as raising the water level of Gatun Lake.The project, which began in 2007, was initially scheduled to be completed in October 2014. It has however been delayed owing to construction, labour, and legal issues, as well as discovery of fissures in one of the widened locks.Work on the expansion is currently 97% complete.Panama Canal Authority CEO Jorge Quijano said: "The dream of expansion will become a reality when we inaugurate the biggest infrastructure project in the history of the Canal and the country of Panama."
AGC Asahi Glass (AGC), a manufacturer of glass, chemicals and high-tech materials, has unveiled plans to invest around JPY18bn ($158.1m) in its consolidated subsidiary, AGC Glass Brazil, to build a second float glass production plant in Brazil’s southeast region. The new facility is expected to boost AGC’s glass production capacity in the country to 2.4 times the existing capacity. Work on the plant is anticipated to be completed by the end of 2018.The company said in a statement: “With a relatively young population of approximately 200m people and abundant natural resources, Brazil is expected to maintain its economic growth from a medium and long-term perspective. The demand for architectural glass and automotive glass is also projected to grow. “In such a business environment, AGC will enhance its production capacity in Brazil to 530,000 tonnes per year, up 310,000 tonnes from the current 220,000 tonnes a year.” AGC Glass Brazil was set up in 2011 and became operational in 2013. The company manufactures and supplies float glass for architectural and automotive uses, mirrors, fabricated glass products for architectural use, as well as laminated/tempered automotive glass.
Isolux Corsan has completed construction work on the $100m solar photovoltaic power plant Aura II in the Choluteca region of Honduras.
OHL Concesiones has secured approval from the Metropolitan Council of Lima for a $500m road project in Lima, Peru.
South Korean firm POSCO E&C has secured a $650m EPC turn-key contract from Gas Natural Atlantico and Costa Norte LNG Terminal for the Colon combined cycle power plant and LNG terminal project in Panama.
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