CAIRO: The under-construction shipping lane at East Port Said Port will be officially inaugurated in February, Suez Canal Authority (SCA) Chairman Mohab Mamish announced Friday.
“Around 90 percent of the construction works have been completed and buoys are being placed,” Mamish told reporters.
Digging the new 9.5 kilometer-long shipping lane aims to facilitate international trade maritime navigation. The lane is projected to increase the number of crossing containers from 3.4 million to 4 million over one year, Mamish previously stated.
The new shipping lane is parallel to East Port Said entrance and aims to allow vessels to navigate simultaneously in both directions and reduces the waiting time for international vessels passing from and to the main Suez Canal and the Mediterranean Sea.
It is 18.5 meters deep and 250 meters wide. The project cost is estimated at $60 million.
President Abdel Fatah al-Sisi decreed to start the dredging immediately after the inauguration of the 72km-long New Suez Canal Aug.6.