July 31, 2014, the rate of implementation of the investment was estimated at 78 %. It includes the construction of the access channel and dredging of the waterway from the Pacific side, dredging of the waterway from the Atlantic side, dredging of Gatun Lake and Culebra Cut Valley and raising the water level of Lake Gatun by 45 cm, as well as construction of a new third set of locks 7. This set will consist of a total of 16 gates, eight in each set of locks. Each gate weighs approximately 3 300 tons and has dimensions of 57.6 m by 10 m by 31.92 m.