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Questions remain on Egypt’s Suez Canal project

The cost of Egypt’s ambitious project to build a parallel canal at the Suez Canal is expected to skyrocket, raising questions about the immediate financial return to the Egyptian economy.

An Egyptian engineer works at the site of an upgrading project on the Suez Canal, in Ismailia port city, northeast of Cairo August 12, 2014. Egypt said last Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia. Picture taken August 12, 2014.     REUTERS/Amr Abdallah Dalsh  (EGYPT - Tags: POLITICS BUSINESS SOCIETY) - RTR429HA
An Egyptian engineer works at the site of an upgrading project on the Suez Canal in Ismailia, northeast of Cairo, Aug. 12, 2014. — REUTERS/Amr Abdallah Dalsh

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