Wednesday, June 22, 2016

"The New Panama Canal: A Risky Bet"


In simple terms, to be successful, the new canal needs enough water, durable concrete and locks big enough to safely accommodate the larger ships. On all three counts, it has failed to meet expectations


The low winning bid, a billion dollars less than the nearest competitor’s, made “a technically complex mega-project” precarious from the outset,


Last summer, water began gushing through concrete that was supposed to last 100 years but could not make it to the first ship.