Chairman of the Suez Canal Authority (SCA) Admiral Mohab Mamish asserted that the Suez Canal development project would be carried as of next November and end in 2016.
Mamish pointed out that the tender document of the project would be offered to companies within the coming few days. He added that about 44 international consulting firms applied to conduct the feasibility study of the project.
Prime Minister reviewed the tender document of the project. The expected increase in the Suez Canal revenues would be deposited in an account to fund the Suez Canal development project, Mamish noted.
SCA Chairman stressed that the project would include a number of industrial and logistic entities in the Suez Canal region.