The project involves the doubling of the waterways for 72 km with an estimated cost of 1.6 billion euro.
Moreover, in 10 months, the works are already being at 80 % of the execution with the use of almost 25,000 workers round the clock. Doubtless, the natural increase of traffic will bring more profit to the Egyptian ports, but the benefits to world trade will be guaranteed.
As defined by the president and executive director of the authority of the Channel - Admiral Mohab Mumish : the development of the channel is a "gift that Egypt wanted to give to the world".