How important is the construction of the Istanbul Canal?

 How important is the construction of the Istanbul Canal?

 It is one of the major projects, it is described by the Turks as “the project of the era” and as “the largest project to be done in the history of the Turkish Republic.”

As Turkish President Recep Tayyip Erdogan announced that a tender will be launched for Istanbul Canal project, as it will cost nearly $ 10 billion for construction, and it will start implementing the project as soon as possible.

In 2011, the Turkish government announced its intention to create a group of “megaprojects” aimed at increasing the country’s GDP to $ 2 trillion by the 100th anniversary of the proclamation of the republic, in 2023.

The projects include Istanbul’s new airport, the first phase of which opened in April 2019, and is expected to serve 200 million passengers a year. It is scheduled to open completely in 2025, the second project is to extend a land road along the forests on the Black Sea coast, to the new airport, with the aim of bringing goods from Europe and Asia.

But the largest and most controversial project is the “Istanbul Canal”, which the government has stated will begin implementation soon.

The idea of ​​the canal was not a conducted at the new stage in Turkey, the idea had been proposed since the sixteenth century, but no serious implementation step began, until it was raised again in 2009 and economic feasibility studies began, until the government officially announced its intention to open an industrial canal on the black sea.

Istanbul Canal: it’s a waterway parallel to the Bosphorus, 30 km from it, extending in the west of the country, the Black Sea Link in the north with Marmara Sea in the south, 45 km long and 25 meters deep. It is about 400 meters in width, and at one point it reaches up to one kilometer.

The Turkish Minister of Transport also stated his country’s intention to build several bridges within the canal.

Istanbul Canal specifications

  • Length of the canal is 45-50 km, and its depth is 25 meters.
  • Width of the channel is 150 meters on the surface and 120 meters at the bottom of the canal.
  • The new canal can handle 137 cargo ships and 27 tankers with weights of up to 150 tons.
  • The canal will witness the construction of 6 bridges and a new city on both sides of the canal, which includes a conference hall, major commercial centers and residential complexes.
  • The state intends to build artificial islands from the outputs of the canal excavations.

Istanbul Canal Importance:

First: In general:

Istanbul Canal project enhances Turkey’s position in the field of water crossings, where the canal connects the Sea of Marmara with the Black Sea in the European part of Istanbul.

The project will also reduce the damage caused by ships carrying dangerous materials, as well as remove the random buildings located along the channel’s path.

The opening of the Canal will also reduce congestion, pollution and noise in the Bosphorus Strait, and in return, it will enhance the benefit of the strait in tourism activities and water sports, given its tourism location in the heart of the historical area of Istanbul, as well as areas that will be built near the Canal will be of great importance.

Second: For Real Estate Projects:

The construction of the Canal will return with great importance to the Turkish real estate sector, as the real estate that will be built nearby will be a high investment opportunity, as the region will witness unprecedented government interest. Perhaps the most important points that will distinguish real estate there are:

  • Close to a waterway road linking the Istanbul airport and the city center.
  • Close to 3 artificial islands that will be built from the ruins of the canal, one of which is an opera house.
  • The area will witness a large commercial traffic, as the new channel will be concerned with commercial traffic and the Bosphorus will be for tourist traffic.
  • Projects close to the Canal will have a great view.
  • The Canal will be near Istanbul airport and therefore the concessions will double.

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