Independent journal on economy and transport policy
19:36 GMT+2
US$1b windfall for Hutchison ports unit
(Hong Kong iMail)
June 3, 2002
K K Chadha
The ports division of Li Ka-shing's Hutchison Whampoa group will reap a US$1 billion (HK$7.8 billion) windfall from the Panama government's controversial decision to scrap the annual US$22.2 million leasing fee for the two container terminals its subsidiary operates at either end of the Panama Canal.
The subsidiary, Panama Ports (PPC), won the ...... Read more on Hong Kong iMail
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