Jorge Luis Quijano
A record $1.703 billion contribution to the State, by The Panama Canal Authority (ACP), was approved by the Board of Directors on Thursday, December 13.
"It was a year of many challenges that could be overcome with a growth in tonnage," said administrator Jorge Luis Quijano,
The contribution comes from $1.199 billion of surplus for the fiscal year 2018, which closed on September 30, plus $502 million of transit tonnage and more than $2 million for services rendered to the Canal.
The figure represents an increase of $44 million compared to the budgeted contribution and was an increase of $53 million on the previous contribution.