New Suez Canal channel cost estimated at $4 billion

ByREUTERS
August 5, 2014 11:54

CAIRO - A new 72-km (45-mile) canal alongside to be built alongside the existing the Suez Canal is expected to cost $4 billion, the chairman of the Suez Canal Authority said on Tuesday.

"The total estimated cost of digging ... for the new channel will be about four billion dollars," Mohab Mamish told a conference in Ismailia, a port town on the Suez Canal, broadcast by state television.

Share this article via
Related Content
Breaking news
May 28, 2017
Shin Bet: Israel nabs Palestinian terror cell over shooting attack on IDF troops

By JPOST.COM STAFF

Israel Weather
  • 19 - 32
    Beer Sheva
    18 - 27
    Tel Aviv - Yafo
  • 18 - 25
    Jerusalem
    18 - 26
    Haifa
  • 26 - 37
    Elat
    20 - 35
    Tiberias