The Panama Canal project is about a $5.5 billion expansion. Basically, what they're doing is deepening the canal further to allow it to take bigger container ships.
Since it was developed, of course, the volume of containers and the size of container ships has grown significantly, and the big, big ships have to go down around Chile, around the bottom of South America rather than through the canal, because of limitations on size. This expansion will generate a tremendous increase in flow through the canal.
Canada is one of the major users of the canal, of course, because of goods transiting the canal coming up, for example, from Asia across to Atlantic Canada. In that respect, we're very interested in the canal expansion. The focus is primarily to allow it to take the latest container vessels through the canal, transiting without risk, because right now it's still quite small.
We were there a few months ago. Essentially, it's a parallel canal, which will be much, much deeper, through which they'll divert the big vessels.
On the timeline, I can't say. I'd like to say three to five years, but I'm not certain. However, what they're doing is very impressive. It's also very impressive that since Panama retained sovereignty over the canal after the end of the Panama Canal treaty with the United States, they're actually increasing the revenue significantly above what was done under the United States. It has become a kind of point of national pride that they've managed the canal well and are making more money out of it than was the case under the U.S. administration. But it certainly is a very impressive project.