Egypt to Open New Improved Suez Canal
A woman looks at a new section of the Suez Canal during a media tour in Ismailia, Egypt, Wednesday, July 29, 2015. Work on a parallel waterway to allow two-way traffic on Egypt’s Suez Canal will be finished in time to allow ships to transit for a gala inauguration at the key trade route on Aug. 6, 2015. With the expansion, the canal authority projects it can double the number of ships transiting daily to 97 by 2023, boosting toll incomes to $13.2 billion.
Egypt has completed construction of a multi billion-dollar expansion of the Suez Canal that the government says will boost the country’s economy and aid world trade.Details
