This will allow it to cover interest payments on the new investment.
As announced last week, the government decided to amend its initial financing plan for the waterway's expansion, which is planned to be accomplished within a year.
Instead of using shares to raise cash, Egypt will turn citizens into owners by issuing investment certificates and offering them to the public.
The ministry of finance will act as a guarantor for the canal authority, which will be responsible for paying yields to holders.
Dimian
