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Egyptian authorities said this week they plan on widening and deepening parts of the Suez Canal to avoid a repeat of the Ever Given blunder in March, according to Bloomberg.
In a televised address on Tuesday, the head of the Suez Canal Authority (SCA), Osama Rabie, said an 18.6 mile stretch of the waterway would be widened by about 131 feet (40 meters) and deepened by 32 feet (10 meters) to improve the movement of ships in the area.
The expansion will take around two years, Rabie said.
Egyptian President Abdel-Fattah El-Sisi, who also spoke at the event, stressed he doesn't want to mobilize "huge" public funding for the project, according to Bloomberg.
www.businessinsider.com
In a televised address on Tuesday, the head of the Suez Canal Authority (SCA), Osama Rabie, said an 18.6 mile stretch of the waterway would be widened by about 131 feet (40 meters) and deepened by 32 feet (10 meters) to improve the movement of ships in the area.
The expansion will take around two years, Rabie said.
Egyptian President Abdel-Fattah El-Sisi, who also spoke at the event, stressed he doesn't want to mobilize "huge" public funding for the project, according to Bloomberg.
The Suez Canal will be widened by 131 feet to avoid a repeat of the Ever Given chaos, authorities say
The Suez Canal Authority said this week it plans on widening and deepening parts of the waterway to improve the movement of ships in the area.
www.businessinsider.com
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