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Panama Canal, Handling 5% of World Trade, Sees Delayed Expansion

The $5.25 billion expansion of the Panama Canal, the waterway handling 5 percent of world trade, will open for commercial ship transits later than originally planned, its administrator said.

Widening and deepening of the 80-kilometer (50 miles) waterway will be finished to allow commercial transits by June 2015, six months later than first intended, Jorge Luis Quijano, the Panama Canal Authority’s administrator, said in a telephone interview today. The authority’s website says the project will be completed by December 2014.