Egyptian authorities say they are on track to open a “new” Suez canal on August 6, a project they say will more than double the canal’s income during the next 10 years. But some analysts say the project alone will not be enough to rescue the country’s flailing economy.
Egypt Says 'New' Suez Canal to Open Aug. 6
5
Officials compare the project, set to be complete like "a battle" because the work is going on around the clock. The expansion is expected to reduce travel time for shippers by 50 percent. Picture taken June 13, 2015. (Heather Murdock/VOA)
6
Officials say the Suez Canal expansion is one of many projects intended to help recover the economy by boosting foreign investment, including along the Canal's shores. Picture taken June 12, 2015. (Heather Mudock/VOA)
