Mohab Mamish, the chairman of the Suez Canal Authority, has signed an agreement with Klaus Laursen, CEO of the Suez Canal Container Terminal (SCCT), to upgrade the East Port Said Harbor.
The upgraded port and a new side canal will allow ships to immediately cross the East Port Said instead of waiting for seven hours, Mamish said.
The project will also help establish industrial and logistics zones around the port, thus contributing to achieving comprehensive development in the canal region and Sinai peninsula.
President Abdel Fattah El Sisi wants the project to be implemented as soon as possible, the chairman added.
Digging operations of the new side canal will start next week, Mamish said, noting that it should go into operation by the end of 2016.
Work is also underway to deepen the harbor to 20 meters to be able to accommodate larger vessels.