How Turkey’s New Canal Istanbul Will Benefit The Economy & Bring Value

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So, what are the Canal Istanbul Benefits you might ask?

Turkish President Recep Tayyip Erdogan has recently taken the first step in the development of Canal Istanbul. Despite criticism & concerns over the environmental and economic effects of the project, President Recep Tayyip Erdogan has remained firm and confident about the project calling it a historic “new page” in Turkey’s development.

Today we are opening a new page in the history of Turkey’s development,” Erdogan said on Saturday at a ground-breaking ceremony of Sazlidere Bridge over the planned route.

Erdogan said: “The project was approved by the Environment Report and included a study carried out by 56 institutions. More than 200 scientists participated in the studies, and the study ended with the participation of citizens and fieldwork.”

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Benefits Of Canal Istanbul

  • The new canal will reduce a significant amount of Pollution caused by a large number of ships in the Bosphorus Strait into Istanbul.
  • The new canal will be Earthquake Resistant.
  • The new canal will provide numerous urban projects & development – Earthquake Safe Cities boasting some 250,000 residences are planned to be built on both sides of the canal.
  • The new canal will provide safety & more security to its nearby residents as well as its users.
  • The new canal will prevent and reduce the sea traffic problem the Bosphorus Strait is currently experiencing.
  • The new canal will prevent long waiting times and delays for its users.
  • The new canal will generate important financial sources & resources for the country.
  • The new canal will create new jobs in its development.
  • The beauty of the Bosphorus Strait, its nature, and its historical monuments will become a center of tourism for people to visit and appreciate.
  • Six bridges will be built over the canal, transforming Istanbul into a city with two seas.

If you are interested in real estate projects within this area please contact us at Turkey Property Beys

Some Videos Sharing Key Points & Information On Canal Istanbul:

Final Thoughts

Despite much criticism and environmental concerns from critics, this mega-project is being taken forward for the purpose of preventing & obliviating risks posed by vessels carrying dangerous shipments through the Bosphorus Strait. The benefits of Canal Istanbul far outweigh any concerns.

This project has been carefully planned and talked about for years, taking full consideration for all things. It was also approved by the country’s Environment and Urbanization Ministry.

So, following a tender process, the Istanbul Canal project is expected to be completed in six years, with around one-and-half years of preparatory work and five-and-half years of construction.

Only time will tell the destined results for this amazing big project. We, for sure have high hopes for its success and prevalence for both the safety of the Turkish people as well as the economy and best interests of the country insha Allah.

But what do you think? Is it a yay or nay in your opinion and why? Let us know in the comments section below 😉

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