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Ilya Espino Becomes First Woman to Lead Panama Canal

Ilya Espino Becomes First Woman to Lead Panama Canal
First female administrator in the Panama Canals history takes the helm · livemint.com

Ilya Espino is now the first woman to run the Panama Canal.

The canal is an important waterway that connects the Atlantic and Pacific oceans.

It also supports Panama’s economy and carries nearly 3% of global maritime trade.

Espino wants to build a large reservoir on the Indio River.

The reservoir would provide drinking water for about half of Panama’s people and help keep the canal operating.

The project is expected to cost $1.5 billion and finish around 2031 or 2032.

Some communities are protesting because the project includes resettlement and environmental issues.

The canal is also dealing with low rainfall, which has reduced the number of ships allowed to cross.

Donald Trump has criticized the canal and threatened that the United States could take control again.

Key facts

New administrator
Ilya Espino de Marotta, a naval engineer and former deputy administrator
Canal trade share
Nearly 3% of global maritime trade
Reservoir cost
$1.5 billion
Reservoir purpose
Provide drinking water for 50% of Panama’s 4 million people and support canal operations
Expected completion
Late 2031 or 2032
Canal expansion
Opened in June 2016 after costing more than $5.25 billion
Current challenge
Low rainfall linked to El Niño has led to restrictions on daily ship crossings

Sources

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