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Monday, May 27 2019 @ 11:52 AM UTC

Panama Canal expansion may force toll rise

Canal ExpansionBy Robert Wright,Transport Correspondent: Tolls on the Panama Canal may have to increase nearly four-fold to fund the canal's planned expansion - a move that could reduce the waterway's competitiveness against alternatives. Transit fees would have to start increasing by at least 5.8 per cent a year annually between 2008 and 2029 to meet the estimated $7bn (€5.4bn, Ł4bn) cost of new locks and canal widening, according to a report to be published today by Global Insight, an international economic consultancy. (Note: This is the article that Stanley Muchette was responding to. The original story was changed to make the cost estimate $6bn).

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