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International Bodies Pledge Loans for Panama Canal Expansion

According to Platts LNG Daily, five international bodies, including a wing of the World Bank, have pledged $2.3 billion in loans, about half of the estimated amount needed, for the proposed Panama Canal  expansion. The expansion would allow standard-size
December 10, 2008

According to Platts LNG Daily, five international bodies, including a wing of the World Bank, have pledged $2.3 billion in loans, about half of the estimated amount needed, for the proposed Panama Canal  expansion. The expansion would allow standard-sized LNG vessels to pass through the canal by 2014, significantly shortening the trading routes for cargoes between the Atlantic and Pacific basins. [Subscription required]

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