
The Egyptian government will present its Suez Canal development plan in January 2015 to both local and international financial institutions and a number of companies, Mahmoud Rizq, director of the department of planning at the Suez Canal Authority (SCA), said.
The plan will be presented at an international conference organised to attract funding for the implementation of the project. The government will begin receiving and screening offers as early as February 2015, according to Rizq. Fourteen consortia competed to prepare the plan for the development of the Suez Canal and an independent local committee was formed comprising international expertise in order to evaluate the bids and choose the winning consortium.
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