Ramez said that the lower priced certificates are meant to “encourage every segment of society to contribute to the project,” adding that banks will send representatives to schools in a bid to attract students. He added that authorities are expecting a lot of demand that should easily cover the total costs of the project. If not, participating banks will come together and grant a collective loan to the government.
Overall, the expansion and development plans are expected to increase canal revenues to US$13.5 billion by 2023, compared to $5.3 billion last year, Ramez said on Sunday.
Ramez said that the lower priced certificates are meant to “encourage every segment of society to contribute to the project,” adding that banks will send representatives to schools in a bid to attract students. He added that authorities are expecting a lot of demand that should easily cover the total costs of the project. If not, participating banks will come together and grant a collective loan to the government.
Overall, the expansion and development plans are expected to increase canal revenues to US$13.5 billion by 2023, compared to $5.3 billion last year, Ramez said on Sunday.
