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Critics say Suez Canal project falls short of expectations

An extension to the existing Suez Canal is set to be inaugurated Aug. 6, but some experts and civil society members say the project could have done a better job capitalizing on Egypt’s resources.
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CAIRO — The new Suez Canal is set to open Aug. 6, allowing for more vessels and faster transit — all while adding to the country's coffers. Not everyone, however, is on board with the project.

The Suez Canal, which connects the Mediterranean Sea with the Red Sea, is the oldest artificial waterway in the world and a source of foreign currency for Egypt. The new 45-mile section is one phase of the Suez Canal Corridor Area Project, which is designed to turn Egypt into an international trading and logistic hub and increase the capacity of the canal from 49 vessels a day in 2014 to 97 in 2023.

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