THE Panama Canal Authority hopes to increase income by changing the way it collects tolls starting in 2015 - six months behind schedule -
Panama Canal hopes to make more money without charging users more
THE Panama Canal Authority hopes to increase income by changing the way it collects tolls starting in 2015 - six months behind schedule - when the newly expanded waterway opens, reports Agence France-Presse.
"What we're looking for is not to simply to cover the value that the route offers right now, but instead the much greater value that a widened canal will have," said canal administrator Jorge Quijano.
Authorities are examining alternatives to the per-TEU charges that could attract a greater volume of cargo without raising costs for users. In 2011 fiscal year, 14,600 ships carrying 322 million tons of cargo, generated US$800 million - two per cent of Panama's GDP. In 2012, it was 333 million tons.
