It was announced on Monday that the Panama Canal may merit even larger expansion than currently planned. Andrew Beatty, of Reuters reported that due to the current cargo levels, the ‘waterway’s $5.25 billion expansion may not be enough in the long term’.
The Canals traffic is expected to increase 3% annually over the next three decades. Absolutely amazing…..
Rodolfo Sabonage – who is the head market analysis of the PCA made statements to the effect that much of the growth is due to Chinese exports heading to areas of the eastern United States..
Currently, expansion efforts are due to occur through the year 2014. Further expansion and more locks could be in jeopardy due to the United States economy, yet the trade from China is apparently compensating for these factors…
This can only mean great things for our growing area of Panama City….Don’t miss out – check out our land investment opportunities at www.panama-land-for-sale.com. We have both residential and commercial properties for sale!
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