DALLAS — The $5.25 billion expansion of the Panama Canal scheduled for completion in 2014 has sparked billions of dollars worth of highway, rail and port projects in Texas as the state races to complete construction in time for the expected surge in trade traffic.

At the same time, Texas is competing with other states that see similar opportunities. Georgia’s governor proposed selling nearly $47 million in bonds to deepen Savannah’s harbor, and neighboring Louisiana has bond projects in the works to accommodate the larger ships that will require deeper channels and, in some cases, higher bridges.

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