Panama Canal expansion: Buyer beware Posted on Nov 01, 2009 by Jeff Tecklenburg . By Bert Shelton Announced at the beginning of 2003 and receiving the go-ahead from the people of Panama, the Panama Canal expansion project has reached the stage where design and construction of its new locks has begun. Expanding the Panama Canal is generally seen as good, as more and bigger ships will be able to benefit from that shipping shortcut. Although the project kicked off before the global market crash, and shipping is not growing at the pace that precipitated its launching, there is merit in continuing the project. The canal is a key piece of world infrastructure, overdue for enhancement, regardless of momentary market conditions. Proven by experience, investing in infrastructure during down markets is a wise move. Building then typically reduces project costs — supplies usually costing less — plus it generates jobs in an otherwise depressed environment. Such investments often pay off...
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