(Video) Suez Canal Time Lapse: Phase II


A video released recently by Mohammed Ragaey via YouTube shows a time-lapse of the second phase of dredging along the Suez Canal.

The Suez Canal has already reached 67.5% completion and is expected to cost somewhere in the region of US$15bn to complete.

Its revenue figures dipped recently, however total revenue for 2014 was strong at around US$5.45bn.

The Egyptian President has expressed interested in foreign investment, having invited Russian investors to contribute funding to the development of the Suez Canal.

See below for the video:

(Mohammed Ragaey (YouTube))

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