Panama Canal Authority to reduce water charges in October

Earlier this week, The Panama Canal Authority said that a surcharge for water use it had applied to conserve water during a prolonged drought will be reduced starting October. The waterway has imposed a series of restrictions this year, including the maximum number of vessels allowed to pass per day and the ships’ authorized draft, in a move to conserve water as the drought is forecast to extend into 2024. The water surcharge was first imposed in 2020.

However, the canal’s administrator now said in a release that following the adjustment, the canal’s customers will see a reduction of about 50% in the variable component of a tariff for fresh water use, compared with the current tariff.


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