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The Panama Canal cost the United States about $375 million, including $10 million paid to Panama and $40 million paid to the French company. Although it was the most expensive construction project in US history to that time, it cost about $23 million less than the 1907 estimate despite landslides and an increase in the canal's width.
The Panama Canal, one of the most important chokepoints in global trade, has caused many environmental and ecological problems since it was built and expanded. These problems include deforestation, the spread of invasive species, water and air pollution, and water shortage. Deforestation in the Panama Canal watershed has been a problem for decades.
Cristóbal was of vital importance to the American plan to build the Panama Canal. Much like the city of Colón (formerly Aspinwall) had been during the American construction of the Panama Railroad, Cristobal was the port of entry for construction equipment and materials, most canal workers, and supplies and provisions for them and their dependents.
The US-controlled canal quickly became a vital asset for American commerce and the US Navy.. Panama received a $10 million initial payment from the US for the territory followed by $250,000 each ...
The Panama Canal is no stranger to global attention. President-elect Donald Trump’s threats to “demand that the Panama Canal be returned to the United States of America, in full, quickly and ...
A ship is guided through the Panama Canal's Miraflores locks near Panama City on April 24, 2023. (Luis Acosta/AFP/Getty Images)
Armand Reclus (13 March 1843 – 9 January 1927) was a French naval engineer and geographer, known for his involvement in the development of the Panama Canal.He graduated top of his class in the Imperial Naval College in 1862, and went on to take part in campaigns in the Pacific and in French colonial actions in Indochina.
Administration of the canal has been more efficient under Panama than during the U.S. era, with traffic increasing 17% between fiscal years 1999 and 2004. Panama's voters approved a 2006 referendum authorizing a major expansion of the canal to accommodate larger modern cargo ships. The expansion took until 2016 and cost more than $5.2 billion.