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Weekly Report - 25 April 2024 (WR-24-16)

PANAMA-HONDURAS: Dry canal plans gather pace

Amid doubts regarding the long-term viability of the Panama Canal due to drought and climate change [WR-23-32], Panama’s government has recently unveiled a new, alternative ‘Multimodal Dry Canal’ to move cargo between the Pacific and Atlantic oceans through existing roads, railways, and other infrastructure. The presentation of the new initiative, which the government led by President Laurentino Cortizo has described as “one of the most significant logistics milestones of the last 30 years in the region”, comes as a Honduran delegation was recently in the US to promote its own ‘dry canal’ – in this case, an inter-oceanic railway.

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