Egypt’s new waterway: People power or pipe dream?

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Alexander Liddington-Cox and Adam Koppeser | 17/03/2015 9:32 am

Egypt’s iconic Suez Canal is getting an upgrade - and the Egyptian people are footing the bill. The canal, which cuts from the Mediterranean to the Red Sea and is one of the great axes of global trade, and is a point of national pride for Egyptians. Egypt’s cash strapped government is capitalising on this sense of national ownership in order to fund the first stage of the project through the sale of investment certificates.

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