On December 31, 1999 at midday sharp, then-president Mireya Moscoso hoisted Panama's red, blue and white flag over the Canal administration building for the first time. The entire Central American nation was swept with joy, having finally received sovereignty over the Canal after 85 years of management by the US, which built and inaugurated the ocean route in August 1914. Twenty years later, recurrent droughts caused by climate change are the main threat to the 80 kilometer-long canal between the Atlantic and Pacific oceans, through which mostly American, Chinese and Japanese merchant ships pass.
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