Suez Canal project
$8.5bn
raised for canal expansion project
$13.2bn
projected revenue by 2023 (up from $5.3bn)
72km of new channel and bypasses
97 ships a day by 2023 (up from 49)
11-hour southbound transit (down from 18)
12 months to complete project by Aug 2015
A New Canal Through Central America Could Have Devastating Consequences: The ramifications of the proposed route have environmentalists worried, and for good reason
http://www.smithsonianmag.com/science-nature/new-canal-through-central-america-could-have-devastating-consequences-180953394/#KILz6oZuOj2RwxYM.99
If you’re an enemy of the present regime then sabotaging the canal represents significant low cost, low risk leverage for taking down Sisi. Let’s hope he can pull it off.
Also, Iran has an estimated 70,000 mines intended to isolate Saudi Arabia and Kuwait. If they mine the Red Sea it will do in Egypt, not to mention the secondary impacts on the world economy. Once they go nuclear what are we going to do about it? Hint, what did we do about North Korea’s sinking of the Chonan?
So far, El-Sisi has done everything right. The market demand for doubling the throughput of the canal IS there.
HAs anyone yet expressed that, but for the Egyptian peoples overthrow of O’bummer’s MB installed regime, the Caliphate would be be well on it’s way to completion? Had they not been overthrown, control of the most strategic land mass in Africa and of the Suez - along with Libya - for the past 2-3 years, we (the world) would be in a much worse pickle by now...not to mention what would have happened to Israel by now.
I’ve always wondered how much dredging it takes to keep that thing open?
They are also building a new capital city in the middle of nowhere.
http://www.bbc.com/news/business-31874886
Insane waste of money.
Better than the Muslim brotherhood though.