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Yes it is
Suez Canal
mighty canal
Suez Canal
Most countries understood the economic benefits of the canal. The French attempted to build it, but were unable to continue the financing and effort. The US took control of the project and finished it.
The Canal of Suez
The Canal of Suez
Sethusamudram Shipping Canal Project was created in 1997-02.
The canal is wholly located within the sovereign territory of Egypt. However, for various periods of time in the 20th century, Israel occupied Sinai on the east bank of the canal. The canal was the work of a French company. The workforce was a "forced labor" project.
Ferdinand de Lesseps
The first major canal project in the United States was the Erie Canal. It connected the St. Lawrence River with the Great Lakes bring commerce to the center of the new nation.
Panama Canal
Suez canal
The Central Arizona Project.
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Its a canal project in India, see here : http://en.wikipedia.org/wiki/Sethusamudram