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Egypt launches digging of second Suez canal

Published: August 6, 2014
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Source: Euro News

Egypt’s president has launched the digging of a new canal in the country which will will run in parallel to the Suez Canal.

The military-run project is seen as a major step by Abdel Fattah al-Sisi to stimulate his country’s struggling economy.

He has been compared to army strongman President Gamal Abdel Nasser who nationalised the first Suez Canal.

The construction will cost 6.2 billion euros and is scheduled to take three years; Al-Sisi has ordered it to be completed in one.The original 145 year-old historic Suez Canal is still the fastest shipping route between Europe and Asia.

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