Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

LATEST NEWS

17:53 26-04-2017
Austrian authorities suspect Airbus CEO of $2-billion fraud
17:36 26-04-2017
Kamchatka’s priority development area to draw over $230m in investment
17:07 26-04-2017
NASA invents inflatable greenhouse for Mars and Moon
16:49 26-04-2017
Russian TVEL to supply fuel to Chinese companies for $1bn
16:29 26-04-2017
USA and Ukraine discuss coal supplies
16:16 26-04-2017
Gazprom plans to increase gas reserves by 469,9 bcm
16:01 26-04-2017
Construction of Eugal gas pipeline to begin next year
15:45 26-04-2017
Housing in Russia to become more expensive by 10-20%
15:06 26-04-2017
Japan studies Russian proposals to cooperate on Kuril Islands
14:53 26-04-2017
South Africa’s court cancels deal with Russia on NPP building
14:34 26-04-2017
Hungary to take part in Congress Hall construction for BRICS summit
13:41 26-04-2017
New entity for Islamic banking to be set up in Tatarstan
13:15 26-04-2017
Canada pledges to protect its domestic producers
12:57 26-04-2017
Rosnano to sign contract with Finns over wind farms building
11:24 26-04-2017
Russia reaches agreement with Boeing over Sea Launch program
10:33 26-04-2017
Russian escalator market might become world’s largest
09:42 26-04-2017
Chinese develop transport projects in Russian region of Leningrad
17:58 25-04-2017
Sales of new buildings in USA see 6% growth
17:49 25-04-2017
Moscow begins testing of Finnish electric bus of future
17:38 25-04-2017
Russia and Qatar consider joint projects worth $12 billion
17:07 25-04-2017
Why BIM technologies so popular in Finland
16:36 25-04-2017
French Minister pushes for sanctions against LafargeHolcim
16:03 25-04-2017
Russia plans to supply electricity to Ukraine’s breakaway region of Lugansk
15:47 25-04-2017
Chinese to build three metro stations in Moscow
14:33 25-04-2017
Tatarstan reduces cost of road construction, applying BIM technology
14:16 25-04-2017
Moscow chief architect unveils prospects of wooden housing construction
14:06 25-04-2017
Russian PM demands that regions carry out quality repair of roads
12:28 25-04-2017
Rostec weapons cluster to be expanded with 70 enterprises
12:07 25-04-2017
Land plot of Heineken plant in Kaliningrad put on auction
11:44 25-04-2017
EU urges to speed up Rail Baltic project implementation
All news

ARCHIVE NEWS

«    April 2017    »
MonTueWedThuFriSatSun
 12
3456789
10111213141516
17181920212223
24252627282930

A new channel way for the Suez

logo russianconstruction.com
A new channel way for the Suez

A new channel way of the old Suez canal was put into operation in Egypt. The opening of the new channel way is of great importance both for Egypt’s economy and for the whole world

On August, 6 an official ceremony of putting in operation of the second channel way of the Suez took place in Ismailia (Egypt). The Russian delegation headed by Prime-Minister Dmitry Medvedev took part in it on the invitation of the President of Egypt.

The new 71.9km long channel way costing $8.5 bln was constructed in record terms – in one year instead of the initially planned three. It is parallel with the old one and also connects the Mediterranean and the Red seas. The opening of the new through-passage made the Suez two-way and made it possible to double the traffic capacity, shortening the travel time from 18 to 11 hours. According to the expectations of the Egyptian government, due to the new Suez the income of the country will increase from $5.3 bln to $13.2 bln by 2023.

Together with laying the new channel way, the reconstruction and up-dating of the old one was carried out ($4 bln): it was deepened, and now superlarge tankers can pass through it. According to calculations, the New Suez will let 97 ships pass a day from the north to the south (by 2023), and in the old one - 49 ships will pass daily from the south to the north. The new channel way is 317 m wide and 24 m deep, the old one is up to 350 m wide and up to 20 m deep. Under the bed of the new channel there are 6 tunnels, and 6 new ports, a vast logistics center, industrial areas with stores and a 200 km long railway network situated on the banks.

Egypt authorities are planning to attract up to $60 bln of investments for the creation of a special economic zone. Special conditions for sales taxes and the export of manufactured products will be introduced, all restrictions for foreign companies’ ownership will be eliminated. The Egyptians are looking forward to developing active cooperation with Russia in the construction of these objects. This issue is being discussed between corresponding ministries of the two countries; the signing of the bi-lateral memorandum is planned in December of 2015. Additionally, joint projects in the sphere of military-technical cooperation and GLONASS are being worked out.



Special attention is given to cooperation in the field of nuclear technologies. Chairman of the RF Government Dmitry Medvedev spoke on its prospects in his interview to the local newspaper “Al-Akhram”. He said that the nuclear power generation industry is a strategic direction of Russian-Egyptian cooperation. Russia is ready to help Egypt become a regional leader in this field. Definite agreements were achieved during President Putin’s visit to Egypt in February, 2015. An Agreement on the development of the project of the construction of a nuclear power plant in Egypt was signed then. “The technical parameters,” said RF Prime-Minister, “and commercial conditions are already clear.” They will be formulated in the new inter-governmental agreement, almost ready for signing. Russia offers Egypt the most modern power generating units equipped with safety systems.

Dmitry Medvedev also remarked that similar projects are used in the construction of the new nuclear power plants in India, Iran, China and other countries. The document will be signed during the next top-level bi-lateral meeting. Supervisory committees of both countries are working on the memorandum on cooperation in the field of the nuclear power generation industry infrastructure. Besides this, the Ministries of finance of both countries are holding consultations on another intergovernmental arrangement – on lending Russian state credit to Egypt.
What does it mean for Egypt? These are thousands of jobs, a large-scale order for Egyptian industry and construction. These agreements are expected to be signed this autumn.
It should be mentioned that President of France Francois Hollande, Prime-Minister of Greece Alexis Tsipras, the King of Bahrein Hamad Ben Issa al Khalifa, the King of Jordan Abdalla II arrived at the solemn ceremony of opening of the new channel way, in total there were delegations from 90 countries.

It proves the importance of the new object for many countries of the world.
To remind you, the old Suez channel was opened on November 17, 1869.


Igor GULCHENKO

Related publications

PARTNERS

UP