Egypt’s Petrojet has dug so far 3 million cubic metres of country’s new Suez Canal project, the company’s chairman Mohamed Shimy said on Wednesday.
Speaking to Amwal Al Ghad, the Egyptian official stated that Petrojet started digging works on the new Suez Canal project in August.
Since August, Petrojet has managed to accelerate the working rates in the new canal from digging 6.000 to 120.000 cubic metres per day, he added.
Egyptian government is planning to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia.
The new Suez Canal, parallel to the current channel, will be at a total length of 72 kilometres (44.74 miles).
The Petroleum Projects & Technical Consultations Co. (Petrojet) was established in 1975 as one of the Egyptian petroleum sector companies to provide engineering, procurement and construction services for the oil and gas, petrochemical, power, industrial and infrastructure projects. Petrojet is currently considered one of the largest full service construction groups in the Middle East and North Africa, with international operations spreading across the region with reputable upper end clients in Saudi Arabia, Qatar, Yemen, Jordan, Lebanon, Libya and Algeria besides Egypt operations.