Panama Canal Authority
Sees Revenue Growth in
2008
Revenue from Panama
Canal transit fees are
expected to increase by
about 10 percent in
2008, despite likely
slower growth in world
trade, the Panama Canal
Authority said on
Tuesday.
Toll revenues should
reach us$1.30 billion
this year, compared with
us$1.18 billion in 2007,
Authority analyst
Rodolfo Sabonage said at
an event.
Many of the gains are
expected to come from
increased transit fees.
In January, the
Authority reported that
toll revenue had
increased in the
previous three months by
about 8 percent to
us$300 million, despite
a drop in transits
resulting from high oil
prices and slower growth
in U.S. demand.
The Panama Canal
accounts for about 20
percent of Panamanian
gross domestic product
and its toll revenue
accounts for a sizable
chunk of the national
budget. |
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