STORY BY: English language Egyptian Source, AHRAM ON LINE
Lead In and Link to full article below
Suez Canal fully secured: Official
Amid trouble in the area, the head of the Suez Canal Authority rubbishes reports that traffic through the strategic passageway will stop and that it might be leased to another country
Ahram Online, Sunday 3 Feb 2013
The Suez Canal is fully secured, navigation through the waterway never halted and is proceeding as usual says Vice Admiral Mohab Mamish and head of the Suez Canal Authority to Al Ahram Arabic daily newspaper.
Furthermore, reports that Egypt might lose sovereignty over the Suez Canal or that the strategic passageway could be leased to a foreign country are completely false, asserts Mamish. On an even more positive note, continues Mamish, Suez Canal revenues will significantly increase, possibly hitting close to $6 billion.
A recent wave of problems in the Suez area raised the fear that traffic would be halted through the strategic shortcut between the East and north Africa/the West.