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The expansion of the Suez Canal, opened by the President in August, was the most prominent megaproject completed in Egypt in 2015. The 35 km expansion was completed in one year at a cost of EGP 20 billion. The project was financed by a local public bond, offering Egyptians with a direct financial stake in this national project. The project also includes an ambitious economic development plan to generate greater economic growth than the increase in revenue from the Canal itself.
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16 February 2016