New Suez Canal

35km new channel parallel to existing Suez Canal. Allows two-way traffic. Completed in record 12 months.

Funding source

$8.5B

Start date

Aug 2014

Implementer

Consortium of Egyptian/International firms

Capacity

35 km new channel

Funding Sources

Egyptian Investment Certificates (Public)

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Abdel Fattah el-SisiMilitary

100%

Completed in 1 year

Aug 2014 → Aug 2015

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