it permits only single-lane traffic (see
Illustration 30). The government’s apprehension that the canal might be used
less frequently after the first supertankers had been built proved vain. It is
true that the number of ships that passed through the canal decreased from
21,250 to 13,490 between 1966 and 1999; however, the net tonnage trans-
ported increased from over 274 million tons to almost 385 million tons, and
the revenues from the dues paid increased from US$95 million to US$1,700
million in the same time span (CAPMAS 1986: 107 and 2001: 104). This made
the Suez Canal the third-most important hard currency source for the state
after the remittances of Egyptians working abroad and tourism. However,
the dues had to be reduced for reasons of competitiveness.
Illustration 30). The government’s apprehension that the canal might be used
less frequently after the first supertankers had been built proved vain. It is
true that the number of ships that passed through the canal decreased from
21,250 to 13,490 between 1966 and 1999; however, the net tonnage trans-
ported increased from over 274 million tons to almost 385 million tons, and
the revenues from the dues paid increased from US$95 million to US$1,700
million in the same time span (CAPMAS 1986: 107 and 2001: 104). This made
the Suez Canal the third-most important hard currency source for the state
after the remittances of Egyptians working abroad and tourism. However,
the dues had to be reduced for reasons of competitiveness.
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