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Thread: Suez Canal blocked/blockaded

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    Quote Originally Posted by Walt View Post
    Sisi has done a huge amount of damage to Egypt's economy, but the Suez Canal can still finance itself.
    It will not be Egyptian money, so no.

    I am expecting that most of it comes from the Empire rather than the West, but I need to see the truth.
    BE BRAVE!

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    Quote Originally Posted by Hawkeye10 View Post
    It will not be Egyptian money, so no.
    Egypt owns the Suez Canal, so the billions that are generated from that is their money to do with as they please. Because Sisi is basically a de facto dictator, it is his money to do with as he pleases. He can spend it on improvements to the Suez Canal if he wishes.

    Because the Suez Canal is such a steady generator of large amounts of hard money, Egypt has been able to use it to finance many large projects. The famous example is the Aswan Dam.

    Now it is being used to self finance its own improvements.

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    Quote Originally Posted by Hawkeye10 View Post
    It will not be Egyptian money, so no.

    I am expecting that most of it comes from the Empire rather than the West, but I need to see the truth.
    There's no way the Chinese will be allowed anywhere near it.

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    In maggotworld- everything is for sale.
    " First they came for the journalists...
    We don't know what happened after that . "

    Maria Ressa.

  5. #335 | Top
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    Quote Originally Posted by Primavera View Post
    There's no way the Chinese will be allowed anywhere near it.
    That is not how it looks to me:

    Egypt's Suez Canal Authority (SCA) agreed with a Chinese shipbuilder to build five tugboats and the contract will be signed very soon, SCA Chairman Osama Rabie told Xinhua.

    Without mentioning the name of the Chinese company, Rabie noted that each of the five tugs will be with a bollard pull of 80 tonnes.

    "We have already agreed with the Chinese company that the first tug will be delivered to Egypt in 14 months, the second in 20 months and all the five tugs will have been delivered in three years," Rabie told Xinhua on Monday, following a ceremony held in the northeastern Ismailia province to mark the recent arrival of a giant dredger to the SCA.

    "It is possible that we will cooperate with China in building bigger tugboats," Rabie added, voicing his confidence in the prospects of cooperation between the SCA and China.

    "In fact, the Chinese are so cooperative with us," the SCA chief told Xinhua, noting that Chinese companies are the first to present their offers in the tenders and projects launched by the SCA.
    http://www.chinadaily.com.cn/a/20210...d0bab5668.html

    The Egypt-China relationship is strong, and getting stronger.
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