Port News & Information Mediterranean, Black & Caspian Seas

Suez Canal recovers cost for new Suez Canal project

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Suez, Egypt (Ports Europe) January 29, 2019 – Suez Canal Authority has recovered the EGY 20 billion (€992 million/$1.1 billion) cost for the construction of the New Suez Canal artificial waterway, the president of the authority, Mohab Mamish, said. In fiscal 2017/18 the revenues of SCA rose to EGY 99.1 billion (€4.9 billion/$5.6 billion) from EGY 73.3 billion (€3.6 billion/$4.2 billion) in the…

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