Independent journal on economy and transport policy
19:30 GMT+2
Panama Canal results unaffected by El Nino
(Sched Net)
November 10, 1998
FINANCIAL results for the Panama Canal's just-ended fiscal year were not affected by the El Nino weather phenomenon which prompted draft restrictions on the canal last summer, or the Asian economic crisis.
In fact, revenue from tolls on the canal were up nearly 11 per cent to US$545.7 million.
The Panama Canal Commission attributes the rise to higher tolls, ...... Read more on Sched Net
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