NMDC completes new Suez Canal Project in Egypt
National Marine Dredging Company (NMDC) has completed the new Suez Canal project. A total of six container ships from around the world navigated the canal as part of the trial run towards ensuring its readiness for full-fledged operations.
The trial run signifies an important step in achieving the objectives of the expansion project that aims to enhance the operational capabilities of Suez Canal to cope with the increasing traffic. A landmark project set to transform the Egyptian economy, the new canal will allow the passage of larger vessels, reduce waiting period and open up new revenue streams for the economy.
At the launch of the project, Egyptian President Abdel Fattah al-Sisi directed the implementation period of the project be reduced from three years to one.