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Panama Canal income from tolls falls after widening

Thursday, October 6, 2016


 

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.

Full story in Spanish