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Panama Canal expansion cost
Photo: Mariordo (Mario Roberto Durán Ortiz) · CC BY-SA 4.0

How much did the Panama Canal expansion cost?

New, larger locks for Neopanamax-class ships

💡 Two new sets of locks for ships up to 366 m long, built over about nine years.

Answer

€4.75B

€4,750,000,000 · Construction cost · 2016

The new locks save water with retention basins and let ships almost three times larger pass through.

US$5.25B, converted at the 2016 rate.

Source: Autoridad del Canal de Panamá (via Wikipedia)

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