gsinker
New Member
This was another article i found today on Panama.
I am posting these details so readers might see what Panama has to offer more than just a sound investment away from those chilly so called "Hot Spots"
I am posting these details so readers might see what Panama has to offer more than just a sound investment away from those chilly so called "Hot Spots"
http://www.bcbr.com/print_article.asp?aID=98750February 20, 2009 --
While much of the world seems stuck in a delay mode waiting out the global economic crisis, Panama on March 3 will announce the winning bid for a new $5.25 billion expansion of the Panama Canal.
Building the third lane of the canal, with two new locks at both ends, will nearly double the canal's capacity and allow it to handle the larger super-tanker vessels from all nations. Completion is set for 2015.
The waterway between the Atlantic and Pacific oceans, which employs some 9,000 workers, is considered one of the greatest engineering feats in history, with builders digging through nine miles of mountains at the Continental Divide. Naturally, the popular Miraflores Locks and visitor center was my first stop as I visited the country for 12 days this month.
Arriving in Panama City, one gasps at the number of high-rise projects. I counted at least a dozen cranes topping both office and condo projects. Already mired in snarled traffic and density problems, you have to ask if this is Panama in a recession, how much more will it explode when the economy improves?
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