Panama Canal Expansion and the Economic Impacts on New York and New Jersey States

The objectives of this research are 1) to measure negative and positive estimates of Panama Canal expansion using secondary imports and exports data available from WISERTrade (www.wisertrade.org) and 2) to understand the possible gains that New York and New Jersey states obtain. To increase container shipment capacity, the Panama Canal Authority in 2006 decided to invest more than $5 billion to expand the Canal. The expanded Canal will accommodate larger vessels that cannot now traverse the facility. Along with capacity expansion, the project is expected to have significant impacts on U.S. water and ground carriers, including transportation systems relating to cargo distribution, port development, U.S. supply chains, and logistics. The expansion will induce an even greater flow of container trade between Asian countries and the U.S., and hence, trade volumes arriving at Gulf and Atlantic Coast ports are also expected to increase as shipping cargo shifts from the congestion experienced in West Coast ports.

• Record URL:
  http://www.utrc2.org/research/projects/panama-canal-expansion

Language

• English

Project

• Status: Completed
• Funding: $16163.00
• Contract Numbers:

  49997-23-25

• Sponsor Organizations:

  University Transportation Research Center

  City College of New York
  Marshak Hall, Suite 910, 160 Convent Avenue
  New York, NY  United States  10031
• Project Managers:

  Eickemeyer, Penny

• Performing Organizations:

  State University of New York, Albany

  1400 Washington Avenue
  Albany, NY  United States  12222
• Principal Investigators:

  Park, JiYoung

• Start Date: 20140201
• Expected Completion Date: 0
• Actual Completion Date: 20151231
• Source Data: RiP Project 36052

Subject/Index Terms

• TRT Terms: Cargo facilities; Containerships; Economic development; Exports; Imports; International trade; Logistics; Port operations; Supply chain management
• Identifier Terms: Panama Canal
• Uncontrolled Terms: Expansion projects
• Geographic Terms: New Jersey; New York (New York)
• Subject Areas: Construction; Economics; Marine Transportation;

Filing Info

• Accession Number: 01570480
• Record Type: Research project
• Source Agency: University Transportation Research Center
• Contract Numbers: 49997-23-25
• Files: UTC, RIP
• Created Date: Jul 22 2015 1:01AM