Egypt is conducting a feasibility study on exploring the expansion of the Suez Canal to speed up transit times, Bloomberg reported.

The proposed project will convert the single-lane segments, spanning 50 kilometres in the northern segment and 30 km in its southern part, into double-lane crossings, the news agency reported, citing Suez Canal Authority chief Osama Rabie.

ACE Moharram-Bakhoum and Dar Al-Handasah are conducting a feasibility study for the project and evaluating possible partners, the report said.

(Writing by P Deol; Editing by Anoop Menon)


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