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Construction of the Panama Canal - Coursework Example

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The paper “Construction of Panama Canal” illuminates the project which proved to be one of the most expensive construction drafts in the US history and risks associated with its development considering that most of the work, technical staff, and construction machinery had to be shipped to Panama…
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Construction of the Panama Canal
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Download file to see previous pages Panama Canal has been built between 1904 and 1914 and since then every year 800,000 boats use it as a passage between these two oceans.
From the engineering point of view, construction of the Panama Canal is considered to be one of the world’s greatest projects. Nowadays Panama Canal is under the process of completion and this project will be completed by 2015, this expansion project includes the building of bigger locks, raising the water level of Gatun Lake and deepening the access channels after which bigger ships can also travel through this canal (Sherman, 2008).
History of the Panama Canal construction can be traced back to 16th century when the Spanish government wanted to have an easy and short access to the resources of Asia and some of the South American countries. For this purpose, the Spanish government planned to build this canal. This canal is about 50 miles long. Its construction was completed in two phases, first in 1881 to 1888 by the French and then in 1904 to 1914 by the Americans. Panama Canal project includes the construction of Gatun Lake formed by the damming of Rio Charges (Committee Report, 1924).
Since the time it was constructed, the Panama Canal is continuously playing a crucial role in world trade. It is estimated that approximately 5% of the world’s trade ships are using this canal to reach their destination, in this way this canal making up 9% of the Panama GDP. However, since 1970 there is stagnation in canal traffic that was primarily due to the opening of transisthmian pipeline used for the transportation of the Alaskan North Slope oil.
Construction of the Panama Canal was purely an economic project and little attention was paid on its impact on the environment, local ecosystems and people. It has resulted in the large-scale change in the landscape of that area. These changes have resulted in threats to the people as well as to the environment of that area. ...Download file to see next pagesRead More
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