Panama Canal projects US$5.56 billion revenue for 2027

The Panama Canal Authority expects revenue of US$5.56 billion in fiscal year 2027 and plans to contribute US$3.61 billion directly to Panama’s national treasury, according to a budget proposal presented to the Cabinet.

The canal projects 10,750 high-draft vessel transits during the fiscal year starting in October, while preparing for challenging water conditions and the potential development of a strong El Niño phenomenon. Between October 2025 and July 2026, the canal recorded 10,623 high-draft vessel transits.

Direct treasury contributions would increase by US$414 million from the US$3.19 billion approved for fiscal year 2026. Including income tax, social security, educational insurance, and other state payments, total transfers to the state are projected at US$3.94 billion.

The existing toll structure and customer tariffs will remain unchanged for fiscal year 2027, although the per-net-ton fee will increase from US$1.00 to US$1.75 per CP/SUAB ton.

New investment spending is budgeted at US$341.3 million, covering capital projects, contingency provisions, and strategic project development.

The Rio Indio lake water-management project has US$82 million in planned spending. Initial resettlements and tenders for construction design are scheduled to begin during the fiscal year.

The budget proposal will next be considered by Panama’s National Assembly.