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Egypt Unveils Suez Canal Extension
(AP-ABC News) Brian Rohan and Hamza Hendawi - Egyptian President el-Sissi presided Thursday over the unveiling of a major extension of the Suez Canal, saying its completion was the first step toward economic recovery. The new Suez Canal extension involved digging and dredging along 45 miles of the 120-mile canal, making a parallel waterway to facilitate two-way traffic. The project was funded entirely by Egyptians, millions of whom bought canal bonds.