Panama Canal Toll Increases Will Be Implemented in October 2012
Friday, June 29 2012 @ 04:04 PM UTC
Contributed by: Don Winner
Necessary Process - Aleman Zubieta said the toll increase was not included in this year's budget, however that is part of establishing tolls. Meanwhile he said he was concerned about the situation in the world, because the global economy is not picking up as they expected, and that could impact the final tonnage in the last quarter of the fiscal period of the Canal. "We have a strong institution, and we will continue to develop the Canal (...) there is a Board of Directors which knows the policies the Canal should follow," he said. (Panama America)
Editor's Comment: They were going to implement these toll increases in July 2012, but now apparently the ACP has decided to delay implementation until October of this year. They have been discussing this for months, however some ignorant people have been trying to say these toll increases have something to do with the recently created budget shortfall, but in fact the two issues are not related.