Western media, citing an Egyptian government source, reported that the project aims to create a regional trade route linking North Africa with its center, enhancing economic integration between Egypt, Libya, and Chad. The source clarified that the Egyptian Ministry of Transport, overseeing the project’s implementation, has completed the technical and logistical preparations to hand over the worksite to construction companies, paving the way for excavation and leveling work to begin during the third quarter of this year. The total cost for the Egyptian portion of the project is expected to reach approximately 24 billion Egyptian pounds. This project is anticipated to help Egypt strengthen its presence and economic partnership with neighboring countries, support trade, and connect African markets.
Earlier, Egypt announced developments through the Suez Canal, with the head of the Egyptian Suez Canal Authority, Admiral Osama Rabie, stating that “the development of the Suez Canal’s navigation course has allowed a greater number of ships to pass,” emphasizing that “the Suez Canal is the world’s most important maritime passage despite global conditions,” noting that “more than 1.1 million ships have passed through the canal over 69 years, with total revenues exceeding 153 billion dollars.”
