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Nation’s ports get ready for boost from Panama Canal

Nation’s ports get ready for boost from Panama Canal Nearly $14 billion is expected to be spent maintaining and upgrading the nation’s ports and inland waterways in the next eight years, but that won’t be enough to take full advantage of the soon-to-be-completed widening of the Panama Canal, according to a report released Thursday by the American Society of Civil Engineers. Port officials and others in the shipping industry hope the multibillion dollar project will flood large, coastal ports with containers from ships that are now too large to fit through the waterway, and many have scrambled to raise money for infrastructure improvements. Here in New Orleans, port president and chief executive Gary LaGrange has said that he expects his facilities to see an “incremental growth” from its two new container cranes, and has looked for new public-private partnerships to help raise capital in anticipation of the project But between now and 2020, that $14 billion that’s slated for investment needs to be closer to $30 billion, according to the [...]

Nation’s ports get ready for boost from Panama Canal2022-03-11T21:07:07+00:00
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