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عربي21
Suez Canal Fees Paid in Advance
The Egyptian Parliament has proposed studying the collection of a portion of transit fees for ships passing through the Suez Canal in advance over several years, with the aim of providing dollar liquidity to Egypt. It is estimated that Canal revenues for 2023 amounted to $10.25 billion, and revenues over ten years could reach approximately $102.5 billion. Applying a 25% discount would reduce the theoretical value to about $77 billion. The proposal seeks to motivate companies to pay fees upfront in exchange for incentives, potentially providing dollar liquidity of up to $38 billion, which could be used to partially settle external debts. The Egyptian Council of Ministers emphasized that the Suez Canal is not subject to barter or negotiations over state assets, with the parties of "Karama" and "Watad" rejecting any proposals involving the sale or settlement of national assets like the canal.
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