Panama Canal project could take away from Arizona
PHOENIX (AP) - Economic trade winds could blow away from Arizona someday because of a multi-billion-dollar project taking place thousands of miles away.
The Arizona Republic reports the $5.25 billion expansion of the Panama Canal could mean a potentially huge disruption to Arizona's trade flow.
A U.S. Army Corps of Engineers report says the canal's expansion would have implications for shipping routes, port development and cargo distribution.
According to the project plan, the canal would be widened by 2015 to handle large, modern cargo ships.
Analysts say Asian countries, including Japan and China, could reach ports on the East Coast and along the Gulf of Mexico.
They say 70 percent of trade from Asia comes through ports of Los Angeles and Long Beach and then by truck or railroad into Arizona.
Information from: The Arizona Republic, http://www.azcentral.com
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