Suez Canal revenues at $551 million in April, marking 15.8% y-o-y growth

Egypt’s revenues from Suez Canal surged by 15.8 percent year-on-year to $551 million in April, from $476 million in the same month in 2020, chairman of the waterway canal authority said on Tuesday.

According to Osama Rabie, a total of 1,814 vessels transited the canal waterway carrying 110 million tonnes in April, up from 1,731 ships carrying 102 million tonnes in April 2020.

Rabie also announced the inauguration of the first phase of Port Said Water Plant with a capacity of 80,000 cubic metres at a cost of 180 million Egyptian pounds ($11.5 million).