The corridor was intended to pay for itself through user fees on each shipping container, and for many years the setup worked, even generating a financial surplus. But port cargo is down sharply from its 2006 peak because of the worldwide recession, and the payments on debt that was taken on to build the route will rise — sometimes steeply — through 2033.
"We were going to triple the amount of cargo we received. We weren't going to be able to handle the growth. My, how a few years have changed that outlook."
Read it all"If you're lucky, recession recoveries look like a 'V' on a chart, quickly down and quickly back up. This one is starting to look like an 'L,'" staying down a long time.