Panama Canal income from tolls falls after widening
The Panama Canal’s income from tolls, inclusing those from the new locks, fell during fiscal 2016 at $1.9 billion, down by $61 billion from the previous year, the Panama Canal Authority reported.
The projection for this year’s fiscal year was income from tolls of a little more than $2 billion. Much of the shortfall was due to the late conclusion of the new locks for the widened Canal. They were promised for April but were not completed until June.
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