The all pairs shortest path problem is a class of the algebraic path problem. Many parallel algorithms for the solution of this problem appear in the literature. One of the efficient parallel algorithms on W-RAM model is given by Kucera [17]. Though efficient, algorithms written for the W-RAM model of parallel computation are too idealistic to be implemented on the current hardware. In this report we present an efficient parallel algorithm for the solution of this problem using a relatively new model of parallel computing, Processor Arrays with Reconfigurable Bus Systems. The parallel time complexity of this algorithm is O(log2 n) and processors complexity is n2 × n × n.