VOL. XXXIII

NO. 21

26-FEBRUARY-1990

Egypt

Japan Offers to Finance Suez Canal Expansion Project

The Japanese Government has offered a loan of $800mn to finance the SuezCanal's expansion project which is currently the subject of an 18-monthfeasibility study by an international group headed by the NetherlandsEngineering Consultants (Nedco) under a contract awarded last July (MEES, 7August 1989). This was disclosed on 15 February by Suez Canal Authority (SCA) Chairman Muhammad 'Izzat 'Adil who said...