Transit through canal expansion locks up to $! million

Transit through  canal expansion locks up to $! million

PANAMA’S EXPANDED Canal for post Panamax ships will have a price target of between $800.000  and $1,00.000 according to figures released by the Canada Authority (ACP) on December 24. On that day The ACP Board approved 4 the consultation process which includes a public hearing in Panama.

After publishing, the rates on January 5, a period of approximately 30 days will be given to receive comments from customers and users of the waterway.

It is expected that if the construction schedule of the new locks is met, the tests of the new locks will be made in early 2016.

The tolls the Canal would be introduced in late 2016.

Currently, ships pay on average of $300,000 reports La Prensa