ACP seeks $2.3bn for expansion

Rainbow Nelson - Friday 4 April 2008

THE Panama Canal Authority is looking to borrow $2.3bn by the end of the year, a figure that is at the upper end of its forecast, said ACP administrator Alberto Aleman.

Under its expansion proposals, the ACP had originally said that it would need to borrow between $1.5bn and $2.3bn to cover the shortfall between revenues and capital expenditure be...