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PM to announce winning consortium for Suez Canal project Fourteen international firms met the tender specifications for a massive economic development project in the Suez Canal region
Egyptian Prime Minister Ibrahim Mahlab is to announce the winning consortium out of 14 international firms that met the tender specifications for a massive economic development project in the Suez Canal region, Al-Ahram Arabic news website reported. Mahlab arrived in New Valley governorate on Tuesday to announce the winning consortium. He was accompanied by the ministers of communication, industry, transportation, planning and international cooperation, and the head of the Suez Canal. Last January, the Egyptian government announced that out of 46 applications, 33 consortia were qualified according to the project's specifications, while 14 were picked as among the best applicants. Earlier in August, President Abdel-Fattah El-Sisi attended the inauguration of a 72km waterway to be dug alongside the Suez Canal. The new artificial waterway will cost around $4 billion. The new canal is part of the Suez Canal Development mega project, which includes the development of several seaports in the three governorates bordering the canal – Suez, Ismailiya and Port Said – in addition to a seaport in the South Sinai city of Nuweiba and the development of Sharm Al-Sheikh airport. http://english.ahram.org.eg/News/108761.aspx