Canal istanbul a project between the past and the present

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What is the Istanbul Canal project , what is the goal of establishing the new Istanbul Canal , what are the benefits that Turkey will gain from establishing the new Istanbul Canal , and what are the benefits that the investor will gain from purchasing lands close to the Istanbul Canal?  All of these questions we will answer in our article .

Canal Istanbul is the name of a Turkish project for an artificial waterway at sea level, planned by Turkey on the European side of Turkey, connecting the Black Sea with the Sea of ​​Marmara . The Istanbul Canal will split the European side of Istanbul, thus forming an island between the continents of Asia and Europe (the island will have beaches on the Black Sea, the Sea of ​​Marmara, the New Canal and the Bosphorus). The sea lane will be adjacent to the Bosphorus Strait.

Canal Istanbul's goal is to ease traffic in the Istanbul Strait. It is expected to have a capacity of 160 vessels per day - similar to the current volume of traffic through the Bosphorus, where traffic congestion leaves ships queuing for days to cross the strait.

The Istanbul Canal project also includes the construction of ports (a large container terminal in the Black Sea near Istanbul Airport), logistics centers and artificial islands to integrate with the canal, as well as the construction of new earthquake-resistant residential areas along the canal. The artificial islands will be built by the excavated canal soil. Halkali - Kapikule High Speed ​​​​Train and TCDD Train Projects will also be merged. The canal is expected to be financed through a public-private partnership. The government expects to generate $8 billion in revenue annually from Canal Istanbul, thanks in part to transit service fees.

Istanbul Canal Historically

The idea of ​​a canal connecting the Black Sea and the Sea of ​​Marmara has been proposed at least seven times in history. The Ottoman Sultan Suleiman the Magnificent (1520-1566) made the first proposal. Its architect, Mimar Sinan, was said to have drawn up plans for the project. But the project has been neglected for unknown reasons. On March 6, 1591, during the reign of Sultan Murad III, a firman was issued around him and he resumed work on the project, but again for unknown reasons the project was stopped. In 1654, during the reign of Sultan Mehmed IV, pressure was made to resume the canal, but to no avail. Sultan Mustafa III (1757-1774) tried twice in 1760 but the project could not go forward due to economic problems. During the reign of Sultan Mahmud II (1808-1839) an Ottoman royal commission was established to examine the project again. A report was prepared in 1813 but no concrete steps were taken.

The purpose and reasons for the Istanbul Canal Project

The great pressure on the Bosphorus Canal gave birth to the idea of ​​constructing another canal parallel to the Bosphorus Canal, which is one of the busiest waterways around the world, and is the only sea outlet to the oceans for Bulgaria, Romania, Ukraine, Georgia , Moldova and Russia on the Black Sea. The objective of the canal Istanbul project is to reduce the large maritime movement through the Bosphorus and to reduce the risks and dangers especially associated with tankers. Annually about 41 thousand ships of all sizes pass through the Istanbul Strait, among them 8 thousand tankers carrying 145 million tons of crude oil. The international pressure increases with the increase in the tonnage of maritime traffic through the Turkish straits, which brings risks to the security of maritime navigation during transit. The Bosphorus sees nearly three times as much traffic as the Suez Canal. Therefore, the new canal will help prevent pollution caused by cargo ships passing through or anchoring in the Sea of ​​Marmara in front of the southern entrance to the Bosphorus.

Perhaps the most important reasons that formed the idea of ​​establishing this canal is that the new Istanbul Canal, unlike the Bosphorus Canal, will be built on uninhabited lands, and that building the infrastructure of the regions on the outskirts of the canal will be easy, unlike the Bosphorus Canal, which contains old areas, as well as the benefit that will be generated from building this canal It will be a tourist area and the areas that will be built near the canal will also be of great importance in the real estate sector.

Istanbul Canal Route

On January 15, 2018, the project path was announced. Where the final route of the Istanbul Canal was chosen after a study of five alternative routes. The Ministry of Transport announced that the project will pass through the Kucukcekmece Lake near the Marmara Sea. It will pass through Avcilar and Basaksehir districts before reaching the Black Sea in Arnavutkoy district north of the city. Seven kilometers of the road passes through Kucukcekmece, 3.1 km through Avcilar, 6.5 km passes through Basaksehir, and the main 28.6 km part passes through Arnavutkoy.

The waterway will be 45 km long and 20.75 m deep. Its width will be 360 ​​m on the surface and 275 m at the bottom.

The largest sizes of ships that can pass through the canal were determined with a length of 275-350 m, a width of 49 m, a draft of 17 m and an upper draft of 58 m.

Building a project such as the Istanbul Canal is very important economically for the country, as the water crossings are considered a national income for the country and the idea of ​​creating artificial channels is not strange, so the Egyptians did it in the Suez Canal as well as the Panama Canal. 

The benefits of Istanbul Canal in terms of real estate

The canal will be of great importance to the Turkish real estate sector, as the properties that will be built near the new canal will have a very high investment opportunity in terms of profitability. The region will witness unprecedented government interest, especially as it will spend billions of dollars on the project, and prices will be increasing in the region. In addition, the project will provide many points that strengthen real estate investment opportunities in the region, including projects near the canal. You will own apartments for sale in Istanbul on the sea Also, the prices of land near the Istanbul Canal, specifically in the Arnavutkoy area, will witness a sharp rise due to the future of the urban area, as the area will witness an urban leap, which will make investment in land very profitable, and the area will witness a large commercial movement, as the new channel will specialize in commercial movement and the Bosphorus for movement The tourist and real estate will be close to a waterway road linking the new airport and the city center and its proximity to 3 artificial islands that will be built from the ruins of the canal, one of which is an opera house, and finally the canal will be near the new airport as the privileges will multiply. All these factors will make real estate investment in the area of ​​great benefit. and profitable.

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