The -?New Suez Canal-? was officially opened in August 2015 during a grand ceremony. The waterway, which has great significance for world trade, had been widened at certain points and expanded. It connects the Mediterranean Sea with the Red Sea and is the shortest sea route from Asia to Europe. The reopening of the Suez Canal does not mean that all construction work on the waterway has been completed. For instance, a new road tunnel up to 25 metres below the bed of the Suez Canal and 70 metres below the ground level is currently being built north of the city of Ismailia. BAUER EGYPT S.A.E., the Egyptian subsidiary of BAUER Spezialtiefbau GmbH, has been carrying out the necessary specialist foundation engineering works as subcontractor for the joint venture between Egypt-based companies PETROJET and Concord for engineering & contracting and on behalf of the Egyptian client Engineering Authority-Armed Forces-Military Engineers Administration since May 2015.