Panama Canal Expansion Plan

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[audio:http://lornematalon.com/wp-content/uploads/2011/06/june-4-07-Panama-Canal_Marketplace4.mp3]

 

Almost 70 percent of all the cargo that comes or goes from this country winds up passing through the Panama Canal. It’s cheaper to slip through that 51-mile passage than to send all those goods down around the bottom of South America. But as the global economy expands, so too do the container ships that carry those goods.

Work is about to begin on a project to make the canal big enough for its new super-sized customers. A project that comes with a super-sized price tag. Lorne Matalon reports now from Panama on who’s going to pay it.

(Lorne Matalon)

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