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Panama Canal expansion will boost exports from Texas

Monday, January 7, 2013

The $5.5 billion expansion of the Panama Canal will have far-reaching effects on Texas, but not in the way many had originally guessed, according to a recent report commissioned by the Texas Department of Transportation.

In May, the department created the Panama Canal Stakeholder Working Group to assess the expansion’s impact and how Texas can better prepare.

The group’s report, released last month, predicts that the project will do more for selling Texas goods to the rest of the world than the other way around.

Source The Texas Tribune