Friday, July 1, 2016

The $5.4B Panama Canal Project Completion Proves Anticlimactic

National Real Estate Investor: "However, on the less growth side, the East Coast ports—though busy with tens of billions of dollars of new port improvements to get ready for these new ships that can handle twice the cargo—just didn’t make the deadline. Dredging projects are still ongoing, or even still on the planning table. The most impactful project that would bring products to the millions of consumers—improvements to the New York/New Jersey port that include the $1.3 billion plan to lift the Bayonne Bridge—is stalled until late 2017."