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Istanbul Canal Project

Posted by rootinvest on May 22, 2023

Major infrastructure projects are always the focus of everyone’s attention, and among the most important of these projects is the new Istanbul Water Canal project, which is considered one of the largest water projects in the world.

What is the Istanbul Canal project?

It is one of the most important and largest infrastructure projects in Turkey, as it is called the Century Project.
It is a waterway that connects the Sea of Marmara and the Black Sea parallel to the Bosporus Strait.
The length of this canal is 45 kilometers, its width is 280 meters, and its depth is sufficient to facilitate the movement of marine navigation in this canal. Six huge bridges will be built to connect the two ends of the canal.
The total cost of the canal is estimated at about $15 billion, with a plan and timeframe of about 7 years.

The goal of the Istanbul Canal project:

This canal aims to divert the maritime navigation route in the Bosphorus Strait, which is one of the busiest straits in the world, to a new route passing through the new water channel, and it will be considered as a new waterway connecting the Black Sea and the Sea of Marmara.

This project is expected to achieve many economic and environmental benefits, as it will help ease congestion in the Bosphorus Strait, contribute to the development of maritime transport and improve the local economy, and will also help improve water quality in the region and protect the environment, and will have a significant impact on the Turkish economy in general, and will contribute In improving the commercial and economic movement in the region.

The impact of the Istanbul Canal project on the future of the region:

Decisions were issued by the Turkish state stating the establishment of a new city on the outskirts of the Istanbul Canal, with the aim of organizing the urban expansion in the city of Istanbul and alleviating the burden on areas with a high population density. .
Indeed, the state began sorting out the new plans for this area and converting part of the agricultural lands into lands with residential construction licenses, which led to a rise in the prices of these lands at a rate of more than 70% before starting any construction works.
It is scheduled to reconstruct this city according to the new plans in an organized and modern manner in terms of residential complexes, social and service facilities, hospitals, health centers, parks, schools, universities, and tourist resorts overlooking the Istanbul Canal, which will make this new city the focus of attention of local and foreign investors during the next few years.

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