Suez Canal Corridor Development Project
The main features of the Suez Canal Corridor Development Project
Tuesday، 12 August 2014 12:00 AM
The plan of implementing the Suez Canal Corridor Development Project includes in general carrying out 42 projects in general, six of which have top priority.
These major projects include:
1 - Developing the roads of Cairo-Suez and Ismailia–Port Said into free roads for facilitating transportation and movement between the province's areas and to link it with the capital.
2 - Establishing Ismailia tunnel passing through the Suez corridor to link between the eastern and western banks of the Suez Canal.
3 - Establishing a tunnel at southern Port Said under the Suez Canal to facilitate linking the eastern and western banks of the Suez Canal to each other,
4 - Developing Nuweiba Port into a free zone.
5- Developing Sharm el-Sheikh airport.
6 - Establishing a new water by-pass on Ismailia canal up to the site of the water desalination station at the east of the Canal to support the new development areas.
The plan will be implemented in a phased-out way; the first of which is aimed at creating new industrial and logistical units in the area that depend on the activities of the added value as well as the complementary industries at home and abroad through creating logistical distribution zones and utilizing the current units, in addition to projects for developing these units in the future along with developing the current economic entities.
Other projects will be set up including the establishment of a tunnel under the Suez Canal. It will be the largest of its kind in the Middle East. The tunnel will include four lanes. Also, the plan envisages setting up two airports, several tunnels, three harbors to serve ships and stations for loading, shipping, repairing and unloading commodities from giant ships as well as stations for re-export.
These projects will increase the Canal's revenues through establishing large logistical projects and setting up a Silicon Valley for the advanced technological industries, tourist resorts along the Canal, a transit area for ships and an outlet for the new ships to create new residential, agricultural and industrial communities.
The infrastructure of the project requires rehabilitating the industrial zones at the east of the Canal and activating several development projects including the double-tracking of the Canal's navigational waterway at a length of 34 km long in the area from Al-Ballah by-pass to the km 52 area at the Western Qantara, which is a waiting area for the ships from the north and south, with the same current width and depth of the Canal. This project will help increase the revenues and accelerate the passage in the navigational waterway, as 10% of the global trade and 22% of the container trade in the world pass through the Suez Canal. However, the Canal's revenues will not exceed the transit fees.