SLC Issue Alert | May 2013

2013 Update on the Panama Canal Expansion and Ports in the Atlantic and Gulf Coast States

Sujit CanagaRetna

The ongoing Panama Canal expansion is perhaps the most transformative global transportation project now in progress. Upon completion in 2014, the expanded Panama Canal will facilitate an even greater flow of trade between Asia and the Americas and will substantially impact the volume of trade reaching Gulf and Atlantic Coast ports in the United States. The impetus for the expansion of the Canal, approved by the people of Panama in October 2006, sprang from that nation's desire to continue as a pivotal player in global trade patterns and strategically leverage its greatest asset – the Panama Canal – for its own economic well-being. This SLC Issue Alert examines the latest developments with regard to the expansion project.