Sethusamudram Shipping Canal Project was created in 1997-02.
Its a canal project in India, see here : http://en.wikipedia.org/wiki/Sethusamudram
India and Sri Lanka.
The Erie Canal reduced the costs of shipping by 90%.
1932
it was the most ambitious project because it created a worldwide trade route.
The Egyptians orignally created it but then sold it to Britan to pay down debt :)
Construction of the Panama Canal created a short cut for shipping between the Atlantic and Pacific Oceans. It also meant that shipping could avoid Cape Horn at the southern tip of South America - an often extremely stormy passage.
The first major canal project in the United States was the Erie Canal. It connected the St. Lawrence River with the Great Lakes bring commerce to the center of the new nation.
The present Suez Canal opened to shipping on November 17, 1869.
canal
decrease shipping ggoods
Increases shipping costs