The Third Set of Locks project is a plan to expand the
Panama Canal’s capacity, approved by the Panamanian people on a national referendum realized on October 22, 2006. This project was conceived after years of study by the Panama Canal Authority(ACP). It has an estimated cost of 5.25 billion USD and its composed of three integrated components:
- the construction of two lock facilities – one on the Atlantic side and another on the Pacific side – each with three chambers, each which include three water reutilization basins;
- the excavation of new access channels to the new locks and the widening of existing navigational channels; and,
- the deepening of the navigation channels and the elevation of Gatun Lake’s maximum operating level.
Roberto Durán (b. June 16, 1951) is a famous boxer from Panama, and is generally regarded as one of the greatest lightweight of all-time and one of the top 10 best pound for pound fighters ever. He held world titles at four different weights - lightweight (1972-79), welterweight (1980), junior middleweight (1983-84) and middleweight (1989). He was also the only boxer to have fought in five different decades. He finally retired in January 2002, with a professional record of 120 fights, 104 wins with 69 KOs. He was nicknamed Manos de Piedra (Hands of Stone).