150 years ago the cost was $100 million, now the annual revenue is $800 million; The story of the canal saving Egypt

13 March 2023, 05:01 PM IST

The Suez Canal was built 150 years ago at a cost of 10 million dollars. Last year alone, the amount of toll paid by ships passing through this canal was eight billion dollars. 66,000 crores approximately. Not only because of its construction, this canal is also a man-made miracle. Today, 12% of global trade and 30% of container traffic are carried through this canal.

Three trillion dollars worth of goods pass through Suez annually. The canal that Napoleon envisioned did not become a reality. The canal was later made possible by connecting two seas with great variation in water levels. Egypt’s recapture of the canal, which was under the control of Britain and France, was also an event.