How did Gamal Abdel Nasser plan to use Suez Canal tolls to fund the Aswan High Dam?

After the United States and Britain withdrew their financial support for the Aswan High Dam due to Egypt's increasing ties with the Soviet Union and Czechoslovakia, President Gamal Abdel Nasser took decisive action to secure funding for the project.123

In July 1956, Nasser nationalized the Suez Canal, which had previously been controlled by British and French interests. By seizing control of the Suez Canal Company, Nasser intended to redirect the tolls collected from international shipping to finance the construction of the dam. He publicly predicted that these revenues would be sufficient to cover the total cost of the dam's construction within five years. This move directly triggered the Suez Crisis, as Britain and France sought to regain control of the vital waterway.24