Canal Istanbul Project is Continuing to Develop
Canal Istanbul Will Happen
The first work on the canal Istanbul project has started. Ever since it's first mention, Canal Istanbul has aroused worldwide curiosity. President Recep Tayyip Erdogan talked about the crazy project more than 5 years ago. This project, which amazed investors the first time it was heard, carries quality factors. With Canal Istanbul, a second bosphorus of about 150m width will be created with the existing Istanbul Bosphorus and it is aimed to shift the alternative new route of the risky tanker traffic. In this mega project, Bosphorus traffic will be eased, while creating new real estate opportunities.
Canal Istanbul's Districts
The Canal Istanbul route starts from a place separating the Sea of Marmara from Küçükçekmece Lake. Altınşehir and Şahintepe, and will continue throughout the Sazlıdere Dam Basin. The Canal will reach the Black Sea from east of Terkos Lake near Istanbul, Terkos and Durusu neighborhoods. The project area will be within the boundaries of Arnavutköy, Küçükçekmece, Başakşehir. House prices have soared in these districts. This is why channel istanbul is talked over as a magnificent investment opportunity.
Island Districts
Once the mega project is done, an island will be formed. This island will form on the European side. The four sides of the new island will be surrounded by the sea. There are many bridges and crossing points planned on the new bosphrous strait.
How Large is the Canal Istanbul's total land?
The project has a high space capacity. It will be built on an area over 1000 square kilometers. Total cost was determined as 5 billion Turkish liras.