By Miren Gutierrez*
ROME, Oct 23 (IPS) - In a referendum Sunday Panama unequivocally said ‘yes’ to a massive canal expansion at a cost of half its gross domestic product, maybe more, in investments. With most of the votes counted, about 80 percent of Panamanians seemed to have approved the mega-project.
The winning line of the argument — that of the Panama Canal Authority (PCA) – is that the future of this maritime route depends on the deepening of the navigation channels, the construction of two sets of locks at both ends of the canal, and of a third lane capable of handling large container ships, bulk and gas carriers, and tankers that have previously been too wide. The canal handles nearly 5 percent of international trade.
However, not everyone is happy with the result.
