Egypt to open Suez Canal II in August
Print Edition
EGYPT will inaugurate a “new Suez canal” shipping route on August 6 aimed at speeding up traffic along the existing waterway and boosting revenues, officials said yesterday.
Dubbed the Suez Canal Axis, the new 72-kilometer project will run part of the way alongside the existing canal that connects the Red Sea to the Mediterranean.
It involves 37km of dry digging and 35km of expansion and deepening of the Suez Canal, in a bid to help speed up the movement of vessels.
“The digging and dredging operations will be completed on July 15,” said Suez Canal Authority chief Mohab Mameesh.
About 85 percent of the project has been completed so far, he said, but it is not clear when the canal will open for business.
Built 146 years ago, the Suez Canal is one of the world’s most heavily used shipping lanes and has been a key source of international trade.
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