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Monday, 14 October 2019

Egypt to dig parallel Suez Canal in one year: El-Sisi

Ambitious new project for a 72 km long waterway dug alongside the Suez Canal by mid-2015, with Egyptians contributing to the cost through shares

Ahram Online, Tuesday 5 Aug 2014
Sisi
Snapshot of State TV of Egypt's president Abdel Fattah El-Sisi inauguration new Suez Canal project, 5 August 2014
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Egyptian president Abdel-Fattah El-Sisi attended on Tuesday morning the inauguration of a 72 kilometre-long waterway to be dug alongside the Suez Canal.

The new artificial waterway is planned to be 72 km in length at a cost of $4 billion, announced head of the Suez Canal Mohab Memish.

El-Sisi ambitiously announced that digging for the parallel canal will be finished by mid-2015 – far sooner than the three years previously announced for the project.

Seventeen civilian companies have been chosen to finalise the project in cooperation with military companies under the supervision of the armed forces.

El-Sisi called on Egyptians to participate in financing the project through buying shares, priced at $100 per share for Egyptians abroad, LE100 for locals and LE10 for students.

He denied any reservations the army might have had on the project were for political reasons, instead insisting that more studies were needed to assure that the project does not threaten Egypt's national security.

The new canal is part of the Suez Canal Development mega project, which includes the development of several seaports in the three governorates bordering the canal – Suez, Ismailia and Port Said – in addition to a seaport in the South Sinai city of Nuweiba and the development of Sharm Al-Sheikh airport.

According to Memish, the new project will offer one million job opportunities includes through the construction of six tunnels to link Sinai and the two canal-borderering governorates of Port-Said and Ismailia.

The six tunnels will cost around $8 billion with four designated for road traffic and two for railways, Memish added.

By 2023, the Canal's capacity will be expanded to pass 97 ships per day compared to 49 ships per day in 2014. A number of large-scale projects are also in the works, including a "Technology Valley" in Ismailia which will host several technology projects along with a new industrial zone west of the Gulf of Suez.

In his speech on Tuesday, El-Sisi also said that he intends to achieve the Toshka project, a megaproject launched in the Western Desert by ousted president Hosni Mubarak in which less than 10 percent has been accomplished during the last 15 years.

The Egyptian government announced in January that 14 consortiums have met the tender specifications for a massive economic development project targeting the Suez Canal region.

The winning consortium is yet to be announced.

Correction: The new project is 72-km long and not 35 as initially reported. However, a 35-km stretch out of the total 72 km long project will be completed by the military through "dry digging".

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6



Joe
06-08-2014 11:13am
14-
2+
TUNNEL!!
Any mention of the word TUNNEL sends the savages on the Eastern border into overdrive to launch missile attacks on babies in hospitals so Egypt has to whisper that word!!
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5



Hassan Adly
06-08-2014 07:12am
24-
4+
Revival of Toshka? Puhleeease...
This report was quite positive for me and almost had me sold until it was completely ruined by this bit: "El-Sisi also said that he intends to achieve the Toshka project"... Toshka? Really? The whole premise of Toshka, which was the downfall of the project, was anomalously high Nile water flow at the time. When the flow returned to normal levels, the excess water volume required to inundate the Toshka project area was non-existent. Now we have the Ethiopian dam project to contend with. Nile water levels are predicted to be greatly reduced for years as Addis Ababa fills the vast reservoir behind the Renaissance dam. In other words - completing the Toshka project is equally impossible as it was during Mubarak's time. Sisi has lost credibility by even mentioning Toshka. Can we trust him to oversee a project as huge as a second canal?
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Sally
11-08-2014 09:58am
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0+
canal
My husbands quarrying business has been closed for 6 weeks now. 90 quarry owners including him have been forced to give up lorries and equipment and are losing millions in revenue for this insane plan. The guy El Sisi is a megalomaniac.
4



Allen
05-08-2014 09:57pm
4-
40+
This is a wise justifiable project.
To this day traffic on the Suez Canal can only go one way at a time. Opening a second canal path will vastly improve shipping traffic and revenue for Egypt.
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3



Kaz
05-08-2014 08:47pm
72-
21+
Digging deeper into trouble
Wow this is amazing. A second tunnel, a technology valley and a new sea port. What more can one ask for? Oh wait. How about building a few power stations so that the electricity doesn't cut for 3 times a day? Or how about cleaning our streets from potholes and rubbish. How about making fuel green and reducing the traffic situation? What about the fact that Cairo is one of the most polluted cities in the world? Or the fact that we don't have freedom of media or speech. How about tackling harassment and corruption and returning the trillions stolen by our own people rather than building a second bloody tunnel?
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Kaz
05-08-2014 10:46pm
11-
6+
Still a good thing
That being said it's still a good thing because maybe now the bigger ships will be able to pass rather than circle around Africa. I just wish they would sort out other more stressing issues rather than blowing 4 Billion dollars on this.
2



Aladdin, Egypt
05-08-2014 05:43pm
34-
9+
Strategic Importance
The second parallel canal will be additional water barrier to protect us from savages in the eastern front. Tahya Misr.
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1



Sam
05-08-2014 04:54pm
26-
10+
New Canal
This is great news for Egypt. They should also dig a tunnel connecting Africa with Saudi Arabia and create new economy for Egyptians and Arabs. Egypt should become also a partner in rebuilding Libya and Gaza and stimulating the economy.
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