The Panama Canal is bracing for renewed drought risk while surging traffic from Strait of Hormuz disruptions tests water-saving measures and long-term reservoir plans.
In long running $271.8-million dispute over concrete standards used in the waterway expansion's new locks, high court ruling goes against its builders group, but other claims are pending, including one against Panama itself.
Proposed $900M project could be completed in five years to alleviate water shortage transit impacts, canal officials say, but the Panama government must first approve measures to enable construction start
The measures come as the Panama Canal officials are working with the U.S. Army Corps of Engineers to develop a long-term water conservation plan for the waterway.
Ambitious effort restarts to boost historic waterway’s freshwater supply shortage, with design now by the US Army Corps of Engineers and a new tender set for release in two years.
Canal operating agency issued RFQ for global bidders for largest regional investment program since waterway expansion, to meet canal and population needs for 50 years.