Comptroller: 5 Benefits to Texas. Expanded Panama Canal.

• “any substantial increase in that trade could add billions to the state economy”
  • In 2015, $204 billion in international trade passed through Texas seaports
• Greater efficiencies of Neo-Panamax ships could lower shipping cost by 30%
• Lower costs can add 10% increase in Asian container traffic 
• Capital Improvements. $48 billion on capital improvements during the next five years in Texas Ports to accomodate Neo-Panamax ships
• New Development. $335 million marine terminal along the Houston Ship Channel in Pasadena

Fiscal Notes | Will an Expanded Panama Canal Increase Texas Trade?