Hagedorn: Continue half toll for Kiel Canal - Germany extends Kiel Canal transit fee cuts indefinitely to boost trade
The German federal government has indefinitely extended reduced transit fees for the Kiel Canal. This move aims to keep the waterway competitive and support shipping traffic, especially amidst current economic challenges and the canal's crucial role in regional and international trade.
The extension comes as a result of ongoing damage to the canal's embankments, ongoing construction work to widen the eastern curve, and current speed restrictions. These factors have led to increased costs for pilots and canal operators due to longer transit times caused by speed limits.
Initially planned for three years starting in 2023, the reduced fees were intended to cover these additional expenses. However, the Budget Committee of the German Bundestag has decided to extend the reduced transit fees indefinitely.
The indefinite extension of reduced transit fees for the Kiel Canal aims to maintain its competitiveness and support shipping traffic, particularly during these challenging economic times. This decision acknowledges the canal's vital role in regional and international trade.
