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The New Panama Canal: A Risky Bet

in Multimedia articles

THE NEW YORK TIMES – Panama City — On July 8, 2009, the champagne finally flowed.

After an intense two-year competition, a consortium led by a Spanish company in severe financial distress learned that its rock-bottom bid of $3.1 billion had won the worldwide competition to build a new set of locks for the historic Panama Canal.

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