Middle East
Three tunnels slated for Suez Canal
Cairo: Plans have been unveiled to build three tunnels under the Suez Canal, costing a total of 5 billion EP. A Spanish consortium has been appointed part of the joint venture to build the tunnels, which will be ready in three years.
Increased connectivity around the canal is viewed as vital as Cairo seeks to transform the canal region into a huge free trade area. [29/04/13]