Suez Canal revenue reaches LE24 bln in 7 months

Suez Canal revenues have reached more than EGP 24,9494bn ($3,2673bn) during the first 7 months of the current fiscal year (FY) 2014/2015.

From 1 July 2014 to 31 January 2015, 10,399 vessels have crossed the canal waterway with 586.2m tonnes of cargo, according to the Suez Canal official statistics.

The statistics also confirmed that the Canal has recorded its highest monthly revenues in its history last August, an amount of $ 510m.

The figures also noted that in FY 2013-2014, the canal has reached its highest revenues since its inauguration into international navigation in 1869.

The revenues recorded EGP 37m, with EGP 5bn increase the last FY compared to the previous FY.

Source: Daily News Egypt