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Posts tagged to canal

Ambitious Trans-Iran Canal still waiting for construction to begin: “Competitor” to Suez Canal unlikely to see construction begin any time soon

MarketLine

Despite having been officially announced for several years now, construction on the Trans-Iranian Canal Project has as of July 2017 still not begun. A number of reasons have been given to explain this delay including the high fixed costs required to build this canal. Official estimates put the cost of the project in the range of $10bn but other estimates suggest the figure could at least be double the amount. Whilst the authorities claim the returns from this project will justify the high cost of the project for the construction… Read more