Implementation of new pricing for certain segments moved to October 2012 and October 2013; new tolls said to move Canal's price closer to value of services provided. Following the recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Government of the Republic of Panama approved yesterday the proposal to restructure the Panama Canal’s pricing system. “The new tolls structure was conceived in accordance with the commercial value that the route offers its users. We look forward to working alongside the industry to continue offering a reliable and competitive service,” said Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta. The new tolls were postponed to October 2012 and October 2013, respectively.