The Suez Canal took 10 years to build and cost thousands of workers their lives. When planners suggested three years for a second one, Egypt’s president balked.

Sourced through Scoop.it from: www.bloomberg.com

"Suez has yet to fully recover since the global financial crisis caused shipping to plummet in 2009. Though total tonnage has increased, the number of vessels using the canal remains 20 percent below its 2008 level and just 2 percent higher than a decade ago, data compiled by Bloomberg show."

 

See on Scoop.itPublic-Private Duality, Economic Crisis, and New Financial Trends


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