Egypt plans to build a new parallel Suez Canal to be completed in five years

Thursday, August 7th 2014 - 07:54 UTC

Full article 6 comments

Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia. Read full article

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Ira Curtis
For the Better future of Egypt, This is not a project to be carried out by a military force. It may end up as once Milton Freidman said...“Let the government take care of the Sahara desert, and within 5 years there will be a shortage of sand there...” The army's part will be making sure the income, estimated at 7-9 Billion will benefit the Egyptian people, keep the peace with Israel and will not get to the hands of the murderous Brothrhood.
Aug 07th, 2014 - 11:53 am - Link - Report abuse 0
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Briton
Wow,
it seems this is the new fad, building canals,
What we need now is a consortium to build a new canal from the English channel through France and straight into the MED...lol
Aug 07th, 2014 - 12:37 pm - Link - Report abuse 0
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Idlehands
Today is August 7th 2014

I predict that by August 7th 2017 they will not have dug a shovel full.
Aug 07th, 2014 - 03:54 pm - Link - Report abuse 0
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Briton
And I bet it still cost the tax payer millions..lol
Aug 07th, 2014 - 06:09 pm - Link - Report abuse 0
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ChrisR
@ 3 and @ 4

Damn! You two beat me to it.

I hope the know it needs to be MUCH wider and deeper than the present one.
Aug 07th, 2014 - 07:19 pm - Link - Report abuse 0
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Briton
very true..
Aug 08th, 2014 - 06:22 pm - Link - Report abuse 0
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