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Significance
Completed late and over budget, the expansion has encountered numerous glitches over the course of its construction. However, with its opening now imminent, Panama and shipping companies around the world are set to start reaping the benefits.
Impacts
The canal's expanded capacity will encourage ports across the Americas to upgrade their facilities.
Nicaragua's canal project will struggle to make significant progress, once the Panama Canal is fully operational.
Suez Canal revenues could be hit as trade patterns change.
Keywords:
Panama,
LA/C,
Colombia,
Nicaragua,
Trinidad and Tobago,
United States,
Venezuela,
economy,
industry,
politics,
construction,
environment,
foreign trade,
gas,
government,
growth,
infrastructure,
oil,
shipping,
transport,
employment,
shipbuilding
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2016
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