A parallel waterway was finished in 2015 for the middle section of the canal, which is one of Egypt’s core sources of income
Egypt has two main options if it decides to construct additional shipping lanes parallel to existing stretches of the Suez Canal.
Calls to expand the canal have been made before and are expected to intensify following the blockage of the waterway by the Ever Given container ship.
“Building additional sections of waterway has been considered before,” says a source close to the Suez Canal Authority (SCA). “The blocking of the canal for such a long time means it will most probably go ahead now. In the past, when there has been an issue in the canal it has been resolved in three to four hours.” Read more here
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MEED's April 2021 Egypt market report includes:
> Egypt celebrates as rest of world wavers
> Egypt pulls off an economic miracle
> Egyptian bank resiliency bucks regional trend
> Egypt hydrocarbon contract awards rise in 2020
> Egypt faces headwinds to gas hub ambitions
> Egypt steps up interconnection plans
> Egypt elevates water up its agenda
> Transport drives Egypt construction prospects
> Egypt eyes options as calls to expand Suez Canal intensify
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