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Port of Houston invests $3 billion in updates in expectation of expanded Panama Canal

Monday, February 20, 2012

The Port of Houston authority is overseeing $3 billion in updates to its facilities, many of which are being completed in anticipation of the expanded Panama Canal debut in 2014.

Local officials agree that the canal’s expansion will be a financial boon to Texas, in particular, the Port of Houston, which should see more and larger container ships docking in its berths.

But officials disagree on the size of the economic benefits and the ability of the state’s already congested railways and roads to handle the predicted significant uptick in traffic.

Source: The Texas Tribune