Panama Canal to Invest $1.6 Billion in Reservoir Construction Amid Water Crisis

Facing a severe water crisis, the Panama Canal, vital for 3% of global trade, will invest $1.6 billion in a new reservoir to ensure operations. Administrator Ricaurte Vásquez outlined the plan: $1.2 billion will fund a multipurpose reservoir on the Indio River, while $400 million will aid local communities. This six-year project aims to secure […]