Tag Archive: panama steel gates

  1. The Panama Canal’s Gigantic Steel Floodgates Cost $34.2 Million A Piece!

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    © Tom Fowlks

    © Tom Fowlks

    Italian steel manufacturer, Cimolai, is building steel floodgates for the Panama Canal, weighing 3,100 tons a piece!

    Each gate is approximately 10 stories high and costs an unfathomable $34.2 million, including installation.

    When it’s all said and done, 16 massive steel gates will be built, a part of a $5.2 billion plan to double the capacity of the Panama Canal by 2015.