Expansion of the Suez Canal to be completed in July 2023: SCA President

The project to expand part of the Dubai-Suez Canal is expected to be completed in July 2023 after two years of work, the Suez Canal Authority (SCA) chairman said on Sunday.

SCA announced last year that it has accelerated plans to extend the canal’s second route and expand existing routes after an Evergiven container ship stranded and blocked the waterway.

“The project will be completed in 24 months. We will start in July 2021 and God wants us to finish in July 2023,” said Osama Rabi, chairman of the event in Dubai. I told the bystander.

The vessels will pass through the canal in a convoy, and the extension of the second lane will increase the capacity of the six vessels, Rabie said without detail.

According to a previously announced plan, the southernmost 30 km of the canal where Evergiven was grounded is set to extend 40 meters east and deep from 66 feet to 72 feet.

“This will improve ship navigation by 28% in this difficult part of the canal,” Rabie said.

He said the Suez Canal Authority and its company were developing the entire project.

Asked about shipping Iran’s fuel or oil through the Suez Canal, despite US sanctions on Iran’s oil sales, he said, “There is no discrimination regarding the ship’s flag, and Iran’s oil passes through the canal. “.

Hezbollah, an armed group in Lebanon, imported Iran’s fuel last year. He said this was a move aimed at addressing the shortfall. To avoid the complexity of sanctions, the cargo was routed through Syria.