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Suez Canal Expansion Project Expected to Finish in July 2023

Suez Canal Expansion Project Expected to Finish in July 2023

Sunday, 16 January, 2022 - 09:15
Trucks wait to pass through the main gate of the El Ain El Sokhna port to Suez Canal on dusty weather, Egypt March 24, 2021. REUTERS/Amr Abdallah Dalsh

A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority (SCA) said on Sunday.


The SCA announced accelerated plans to extend a second channel of the canal and to enlarge an existing channel after the Ever Given container ship ran aground and blocked the waterway for six days last year.


Suez Canal revenues are expected to hit $7 billion in 2022 versus $6.3 billion in 2021, the chairman of SCA, Osama Rabie, said in an interview with Asharq television on Sunday.


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