"The plans for the Panama Canal expansion project will continue to underpin investment growth in the coming years," says Theresa Paiz-Fredel, a senior director in Fitch’s Latin America sovereign group.
Panama is investing $5.25 billion to double the capacity of the water highway, making it possible for mega-freighters to use the route. The seven-year expansion plan will ease all water transport for the fast-rising flow of Asian products to US consumers on the Atlantic coast. The canal expects to roughly double the volume of cargo...
