6 February 2013

Egypt: Mamish - Canal Transit Fees Determined By Economic Experts

Chairman of the Suez Canal Mohab Mamish said transit fees of the Canal will be determine by a high level committee of experts and economists.

He pointed out that they verified this issue upon accurate information and studies. According to these studies, Mamish clarified, the development of the Canal is under thorough study to make it the most proper navigation way.

He added that navigation in the Suez Canal is safe and runs normally.

A few days ago, the Canal declared that the transit fees will be increased by 2%-5% by May 2013.

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.