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New Panama Canal toll structure to be innovative

Monday, January 5, 2015

A week before the announcement of the future Panama Canal tolls structure, Panama Canal Authority Administrator Jorge Quijano explained the new tolls structure, which will include a series of “very innovative” incentives representing “a total new approach”.

“The idea is to attract more volume and recognize those customers who have maintained their services and loyalty to the Canal and change from a policy of tolls increase to volume increase,” Quijano explained.

Quijano is set to announce the tolls structure early January followed by public hearings likely to be scheduled in February, with the goal of presenting a final proposal after evaluation (of the public hearings results) before the end of March.

Source: Seatrade