The new Panama Canal toll structure will come into effect on April 1, 2016, except for the new segment of Internal Maritime Cluster which is already in effect.
From a statement issued by the Maritime Authority of Panama:
PANAMA CITY, Panama, April 29, 2015 - The Cabinet Council of the Republic of Panama has officially approved a proposal to modify the Canal tolls structure, following a recommendation from the Panama Canal Authority (ACP) Board of Directors.
A call has been made to construction companies for the international public tender to form a Public-Private Partnership concession for 106 kilometers of the Western Corridor.
The Commission for the Promotion of Public-Private Partnerships (COALIANZA) and Banco Continental, SA in its capacity as Arranger Bannk and the Trustee of the Trust Project Called "Financing, Construction, Rehabilitation, Expansion, Operation And Maintenance Of The West Road CA-4, CA-10 and CA-11", in the terms of Legislative Decree No. 369-2013 issued by Congress, is calling on national and international companies interested in participating in the International Public Tender for the establishment of a Public -Private Partnership concession for "WEST CORRIDOR, CA-4 ROAD PHASE I , SECTION: CHAMELECON - NACO - LA ENTRADA " in the form of toll collection.
The 280 km stretch of road will run from Cocales, Suchitepéquez up to the border crossing between Guatemala and Mexico, Tecum Uman.
The Deputy Minister of Communications, Infrastructure and Housing (Micivi), Douglas Gonzalez announced the construction to be built using public funds which will be known as the "Border to Border" project.
The aim of the reduction in the toll rate for the Palin-Escuintla highway is to attract drivers who use the old road to the South Coast.
The cost of the toll on the Palin-Escuintla highway will be $2.68 for interurban buses and trucks with two axles, $4.08 for trucks with three axles, $5.49 for those with four, $6.89 for five and $8,17 for the six axle trucks. The aim of the discount is to attract up to 40% of the vehicles that use the old road to the South Coast.
The government has authorized, for 30 years, the granting of a concession for a tourist route made up of the stretches of road between El Progreso-Tela, San Pedro Sula-El Progreso and La Barca–El Progreso.
By issuance of a decree, the Commission for the Promotion of Public-Private Partnerships and the Department of Public Works, Transport and Housing have been authorized to sign with the company Autopistas del Atlántico a concession for the tourist corridor.
The company Servicios Eléctricos will be responsible for the systematic service, modernization and management of the collection from toll booths in San Pedro Sula.
The company will have to provide a monthly minimum of 9 million lempiras ($453,000) to the municipal coffers. Of the proceeds over this figure, 27.5% will be for the company and 72.5% for the Municipality.
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