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Extrapolating from the 2014 extensions, building a 2nd backup canal would cost >$8B. Considering it earns $10B/year to Egypt, I don't know if this short downti
by arnaudsm 6y ago
Extrapolating from the 2014 extensions, building a 2nd backup canal would cost >$8B.
Considering it earns $10B/year to Egypt, I don't know if this short downtime will justify the cost to them.
- kergonath 6y agoIt is costing much more than that to shipping companies and the broader industry. If that is an option, I am sure they’ll find the money. That probably would take much longer than un-sticking the ship, assuming this is possible.