The Panama Canal Authority (ACP) has unveiled plans for a new reservoir to address chronic water shortages affecting the canal’s operations.
According to canal administrator Ricaurte Vásquez, this plan, just approved by the Supreme Court, is expected to take six years and cost between $1.2 billion and $1.6 billion.
A prolonged drought has severely restricted the canal’s water supply, forcing the ACP to reduce the number of daily transits to 31 from the usual...