World: Egypt Builds Second Suez Canal

The Suez Canal in Egypt opened almost 150 years ago in order to create an artificial waterway between the Mediterranean and the Red Sea. Now ships are testing a second Suez Canal, which runs alongside the current canal, under tight security and surveillance. The 44 mile long canal allows for two-way traffic and can accommodate larger ships than the older canal does. Egyptian President Abdel Fattah al-Sisi has said that the expansion will boost trade and increase employment across the country. The estimated cost of the new canal is $8.5 billion and work on the canal is being carried out by the army around the clock. “It’s a patriotic project first of all, and that’s very difficult to quantify,” said Cairo-based investment analyst Angus Blair. Plans for building another canal near East Port Said on the Mediterranean Sea have been announced recently as well.

Contributor: Katie Campbell


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