Canal may be Panama's route to prosperity for years to come.(Business)

The Birmingham Post (England) | December 28, 2002 | Copyright

Byline: Robin Emmott In Panama City

Three years after the US handed over control of the Panama Canal, shippers are impressed with Panama's management of its famous waterway, which carries four per cent of world trade.

But they are concerned over higher costs as the country tries to make the Canal profitable.

Contrary to expectations that Panama would botch canal operations due to inexperience, the new managers have reduced the time it takes to cross the 50-mile route between the Pacific ...

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