Saturday, August 22, 2015

326 billion reasons Africa is on the move

By Thomas Page

CNN - AUGUST 21, 2015

When the new, expanded Suez Canal was inaugurated on August 6, the world marveled at the endeavor and single-mindedness that had born -- and bored -- 72 kilometers of new waterways through the Egyptian earth.
The $8 billion project was initially scheduled to take three years, but was completed in one. Three quarters of the world's dredgers and 41,000 workers, operating around the clock, moved half a trillion cubic meters of earth by June this year -- the equivalent of 200 Great Pyramids -- meaning the canal will raise $13 billion annually by 2023 according to government projections.
But whilst the numbers are mind-boggling, they're a drop in the ocean when it comes to major construction projects across Africa.

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