The Transport and Infrastructure Ministry of Tukey will deliver the project following the build-operate-transfer (BOT) model. It is expected that the construction of Kanal Istanbul, which unites the Black Sea and the Sea of Marmara will allow navigation of vessels, and similar waterway projects.
The ministry will ensure that the aforementioned projects are realized through the assignment of capital companies or foreign companies within the framework of the BOT model, provided that high technology or high pecuniary resources are required.
According to the latest plan, the canal will be 45.2 km long through Istanbul's Avcılar, Küçükçekmece, Başakşehir, and Arnavutköy districts. Additionally, the width of the planned canal will be cut from 400 m to 275 m. This move proposed by proposed by Turkish authorities would reduce the cost of the TL 65 billion ($14.19 billion) project by more than half to TL 30 billion.
Country updates
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April 11, 2018
A loan agreement has been signed for the project
A loan agreement has been signed for the project. No details have been disclosed
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March 21, 2018
US$2.8 billion financing for bridge-highway project in Turkey
Çanakkale Otoyol, the owner of the 1915 Çanakkale Bridge and Highway project, has announced that it has secured EUR2.3 billion (US$2.83 billion) financing from a consortia of 2...
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March 12, 2018
TAV Airports to operate Antalya Airport alongside Fraport
TAV Airports has announced that it is buying IC İçtaş' 49% stake in ICF Antalya, the joint venture that manages Antalya Airport. Located on the south-west coast of Turkey, 13km north-e...
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February 06, 2018
Tolls to use the Eurasia Tunnel have been hiked by 26.5 percent, according to ATAŞ, the company that operates the tunnel
Tolls to use the Eurasia Tunnel have been hiked by 26.5 percent, according to ATAŞ, the company that operates the tunnel. The state guarantee had foreseen that 25.6 million vehicles would use the tunn...
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February 01, 2018
Turkey announces route for canal PPP
The Government of Turkey has announced the route for a canal to be developed through a public-private partnership. The 45-km Kanal Istanbul will link the Black Sea and the Sea...
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