{"id":616411,"date":"2024-03-05T00:00:00","date_gmt":"2024-03-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/05\/sca-to-fully-fund-plan-to-expand-the-suez-canal-through-its-investment-budget\/"},"modified":"2024-03-05T00:00:00","modified_gmt":"2024-03-05T00:00:00","slug":"sca-to-fully-fund-plan-to-expand-the-suez-canal-through-its-investment-budget","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/05\/sca-to-fully-fund-plan-to-expand-the-suez-canal-through-its-investment-budget\/","title":{"rendered":"SCA to fully fund plan to expand the Suez Canal through its investment budget"},"content":{"rendered":"

More on the Suez Canal expansion plan:<\/strong> The Suez Canal Authority (SCA) will fullyfund the plan to expand the Suez Canal from its Finance Ministry-approved investment budget to better support two-way traffic, SCA boss Osama Rabie said in a statement<\/a> yesterday, adding that the expansion will fully be funded in EGP and not put additional pressures on the state budget. <\/p>\n

The details:<\/strong> The project will duplicate around 80 kms of the Suez Canal that have not yet been duplicated \u2014 50 kms in the north and 30 kms in the south. The expansion will increase the canal\u2019s capacity by six vessels a day, allow the canal to accommodate vessels of all kinds and sizes, and reduce transit times to nine hours. <\/p>\n

What\u2019s next?<\/strong> The authority will carry out environmental, engineering, and dredging studies over 16 months, before presenting the project to the Madbouly government, Rabie added. The feasibility study is also on track to be done within the same timeframe, which is being conducted by engineering consulting companies ACE Moharram Bakhoum and our friends at Dar Al Handasah, Rabie said at the Marlog conference when he first announced the news<\/a> on Sunday. Preliminary studies for the project have already been presented to President Abdel Fattah El Sisi.<\/p>\n

Work is already underway to expand other stretches of the canal: <\/strong>The government has wrapped the first phase of expanding the southern portion of the canal and is currently working on the second phase, which aims to double the canal across a 10-km segment.<\/p>\n

The int\u2019l press also took notice: <\/strong>Reuters<\/a> | Bloomberg<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

The authority will carry out studies for the project over the next 16 months<\/p>\n","protected":false},"author":1,"featured_media":616412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8237],"tags":[72,145,7143,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","tag-enterpriseam","tag-logistics","tag-osama-rabie","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"61220331-6957-498a-bb22-134835472efd","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/313.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SCA to fully fund plan to expand Egypt\u2019s Suez Canal through its investment budget","related_issue":[616399],"teaser":"The authority will carry out studies for the project over the next 16 months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.8264d383-5c23-4a98-8dc7-fe54102707a5.mp3"},"yoast_head":"\nSCA to fully fund plan to expand the Suez Canal through its investment budget - 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The expansion \u2014 which President Abdel Fattah El Sisi wants to see completed within 24 months \u2014 will add a 10 km extension to the\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561438,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/we-could-be-seeing-expansion-work-done-on-the-suez-canal\/","url_meta":{"origin":616411,"position":1},"title":"We could be seeing expansion work done on the Suez Canal","author":"enterpriseam admin","date":"7 April 2021","format":false,"excerpt":"The Suez Canal Authority (SCA) is considering an expansion of the Southern section of the waterway where MV Ever Given became lodged late last month, SCA chairman Osama Rabie told Reuters. Acquiring new cranes that could vertically offload cargo from up to 52 metres is also on the authority\u2019s radar,\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558732,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/suez-canal-revenues-are-up\/","url_meta":{"origin":616411,"position":2},"title":"Suez Canal revenues are up","author":"enterpriseam admin","date":"24 August 2021","format":false,"excerpt":"Suez Canal revenues rose almost 11.2% y-o-y to USD 3.88 bn from January to August, compared with the preceding year when revenues came in at USD 3.49 bn, Suez Canal Authority (SCA) boss Osama Rabie told a Sada El Balad Sunday (watch, runtime 9:03). Reuters also had the story.Suez Canal\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549442,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/suez-canal-authority-to-hike-transit-fees-by-15-next-year\/","url_meta":{"origin":616411,"position":3},"title":"Suez Canal Authority to hike transit fees by 15% next year","author":"enterpriseam admin","date":"18 September 2022","format":false,"excerpt":"Transiting the Suez Canal is getting pricier next year: Fees for most vessels crossing the Suez Canal will rise 15% starting 1 January 2023, Suez Canal Authority (SCA) Chairman Osama Rabie said in a statement Saturday.The exceptions: The SCA will hike rates for dry bulk ships and cruise ships by\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565894,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/the-suez-canal-is-back-in-build-mode\/","url_meta":{"origin":616411,"position":4},"title":"The Suez Canal is back in \u201cbuild\u201d mode","author":"enterpriseam admin","date":"11 May 2021","format":false,"excerpt":"The southern stretch of the Suez Canal (yes, the one where the Ever Given got stuck) will see deepening and expansion works, according to Chairman of the Suez Canal Authority (SCA) Osama Rabie (watch, runtime: 5:30). Rabie has presented President Abdel Fattah El Sisi with a plan to widen the\u2026","rel":"","context":"In "SPEED ROUND: INFRASTRUCTURE"","block_context":{"text":"SPEED ROUND: INFRASTRUCTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545521,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/","url_meta":{"origin":616411,"position":5},"title":"Suez Canal revenues up 20% y-o-y in 1Q 2022","author":"enterpriseam admin","date":"3 April 2022","format":false,"excerpt":"Suez Canal revenues rose 20% y-o-y in 1Q 2022 to USD 1.69 bn, the Suez Canal Authority (SCA) said in a statement. The number of ships transiting the canal increased nearly 16% y-o-y to register 5.3k vessels, while net tonnage was up 7.4% y-o-y at 313.3 mn tons. The SCA\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/85.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=616411"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616411\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/616399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/616412"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=616411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=616411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=616411"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=616411"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=616411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}