Hats off to Panama
Panama City used to be somewhere people travelled through, not to, Vicky Baker reports.
Panama City used to be somewhere people travelled through, not to, Vicky Baker reports.
Panamanians have overwhelmingly approved a ,25-billion plan to widen their transcontinental canal, a project that will allow the world’s biggest ships to sail between the Pacific and Atlantic oceans. About 80% of the gross domestic product of Panama, with a population of three million, is linked directly or indirectly to canal activity.
Voters headed to the polls on Sunday for a referendum on a ,25-billion plan to widen the Panama Canal, a strategic waterway whose main users are the United States, China and Japan. Proponents say the canal, through which roughly 4% of world trade flows, badly needs an overhaul to remain competitive against other maritime routes.