Egypt is digging a new canal, parallel to the existing one, to maximize benefit from the present Canal, to facilitate traffic in the two directions and minimize the waiting time for transiting ships. The project goes side by side with the Suez Canal Area Development Project. The two projects will add to the importance of the Suez Canal. The project will also have a positive impact on the Egyptian national income as it will boost the hard currency earnings, provide a lot of job opportunities and create new urban communities