Panama Canal Port Operator Calls Audit Claims ‘Contrary to Reality’

The logo of CK Hutchison is pictured on a flag outside the Cheung Kong Center building in Hong Kong on March 27, 2025. (Photo by Peter PARKS / AFP)

The Hong Kong firm in charge of two key Panama Canal ports rejected on Wednesday an audit that said it had failed to pay the $1.2 billion due under its concession.

Panama Ports Company (PPC), a subsidiary of Hong Kong conglomerate CK Hutchison, said in a statement that “to maintain… that PPC has failed to pay approximately $1,200 million balboas to the Panamanian State, is absolutely contrary to reality”.

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by Agence France-Presse

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