JAPANESE COMPANIES TO BUILD MONORAIL FOR PANAMA CANAL AREA

A MONORAIL SPANNING THE PANAMA CANAL TO EASE TRAFFIC FOR COMMUTERS WILL BE BUILT FOR PANAMA BY JAPANESE INTERESTS

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Japan and Panama signed a memorandum of understanding in January (2016) to utilize Japanese supplied technology to build a monorail system spanning the canal and easing traffic congestion among commuters into Panama City from the suburbs. The 2 billion dollar, 17 mile long system  would be Central America's first monorail. The project is expected to increase economic ties between Panama and Japan. The U.S. lost the contract for management of the canal system to China's COSCO Shipping years ago. At least improving ties with Japan is far less a security issue for the United States than the growing closeness Panama has been exhibiting with China. Basically, through two administrations since we gave away the canal that we built , our position has become simplified. Relative to the canal we have certain obligations, but we are not winning any opportunities to profit from our investment. In recent decades this seems to be acceptable as "ops normal". The full story with all of the relevant details is in BLOOMBERG BUSINESS


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http://www.bloomberg.com/news/articles/2016-01-14/panama-picks-japanese-technology-for-new-2-billion-monorail