Arab Contractors, Orascom to compete three tunnels in Suez Canal 2018-end

Egypt’s Arab Contractors (AC) and Orascom Construction expect to complete digging three tunnels under the Suez Canal by end of 2018, AC chairman Mohsen Salah announced Wednesday.

Building the three tunnels will be at cost of 18 billion Egyptian pounds ($2 billion), Salah added.

The tunnels are part of major developmental projects in Suez Canal and linking the canal cities designated for cars and railway to ease trade activities, Salah said.

He further said that two tunnels would be in Port Said for cars, and the third would be for railway linking east with west Suez Canal.