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Port of Houston invests $3 billion in upgrades for uptick in Panama Canal traffic

Wednesday, February 22, 2012

The Port of Houston Authority is rapidly preparing for an uptick in traffic to its port expected to come soon after the completion of the Panama Canal expansion in 2014.

The $3 billion in upgrades to the port's berths, cranes and other facilities are in the hopes that the canal expansion project will be a financial blessing to Texas, and Houston, in particular.

However, some public officials warned that the size of the economic boom expected to accompany the canal expansion may not be as large as some hope and that any increased traffic could cause problem in the state's already congested roadways.

Source: Fox News