In Panama, Much Depends On Canal Project

It was billed as the, “chance of a lifetime,” by Panama’s President, Martin Torrijos, and 77 percent of Panamanian voters backed this view when they approved plans to expand the Panama Canal in a national referendum last month. The $5.25 billion expansion will make one of the engineering wonders of the world 60 percent wider and 40 per cent longer. The eight-year project involves enlarging existing locks, deepening navigation channels and adding a third set of locks to ease bottlenecks and allow larger container vessels, known as post-Panamax ships, to traverse the famous passage linking the Pacific and Atlantic oceans. […]

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