Atlantic Dawn wrote: »
Only $3.1billion and look what it gets, we will be blowing well over 10 times that bailing out the banks and for zero.
Synode wrote: »
Did you read the article. Because it sounds like they'll be getting a crock for the money spent.
How the hell can anyone come in at a billion lower than the nearest bid
duffman13 wrote: »
Have you even bothered to read the article? Serious safety fears about the new canal and many short cuts taken by the construction company.
From the article:
"Last summer, water began gushing through concrete that was supposed to last 100 years but could not make it to the first ship. The Hill analysts had warned that the consortium’s budget for concrete was 71 percent smaller than that of the next lowest bidder. The budget also allotted roughly 25 percent less for steel to reinforce that concrete.
Then there is the lock design. Tugboat captains say they cannot safely escort the larger ships because the locks are too small with too little margin for error, especially in windy conditions and tricky currents. In fact, in a feasibility study obtained by The Times, the Panama Canal Authority had earlier concluded that the tugs needed significantly more room."
It sounds like a disaster waiting to happen!
Nearly $5 billion over-budget and two years behind schedule, the newly renovated Panama Canal reopened for use this week. Panamanian officials hope that the massive 102 year-old structure would double the amount of cargo traveling to the Atlantic and Pacific Oceans.
However, if you thought the recent project may have been wrought with issues, imagine what the original engineers were faced with over a century ago. Initially started by the French, after facing hundreds of deaths from the workers due to yellow fever and other mishaps, the US took over the ambitious project before handing it over to the Panamanians.
Here’s several images that show the transformation of the canal throughout the years:
Sam Russell wrote: »
Does this make any difference to us?
Will ships going from China to Europe use the canal or will they come the other way?
Sam Russell wrote: »
I think the Japanese might not agree.
_Tombstone_ wrote: »
Great little write up.http://www.nytimes.com/interactive/2016/06/22/world/americas/panama-canal.html