POST Online Media Lite Edition



 

Infrastructure investments for development of Suez Canal $15 billion

Staff writer |
Egypt's Transport Minister Hany Dahihas pointed out that the government has pumped $800 million investments in East Port Said port since its establishment.

Article continues below






He also pointed out that infrastructure investments in the development corridor is about $15 billion, and added that making such a subsidiary canal of East Port said puts the port on the global map of trade traffic, Maritime Transport Sector said in its press release.

He added that the Suez Canal 6 tunnels will fulfill permanent development of Sinai adn that there would be an increase in rate of container handling.

This number of container is expected to increased once the second container terminal established at East Port Said and starts to work by the year 2020. This besides the operation of liquid bulk terminal next April.


What to read next

Egypt expects $150bn to be invested in Suez Canal zone
Suez Canal breaks record in number of ships, loads
Egypt's new Suez Canal to open on August 6