VOL. XL

No. 35

1-September-1997

EGYPT

Egypt And Japan Agree To Build Suez Canal "Peace Bridge"

Egypt and Japan signed an agreement in Cairo on 25 August to jointly finance theconstruction of a $160mn "bridge of peace" over the Suez Canal. Japan willprovide $100mn in aid for the project and Egypt will pay the remaining $60mn. Japan hasalso agreed to make a further contribution of about $10mn for "the execution of theproject." Egypt will build the access to the bridge and Japan will construct...