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New Istanbul Canal Project

What Us The Importance Of The Istanbul Canal For Real Estate Projects?

  • Canal Istanbul is not just a canal project, as new parks and buildings will be built around the canal and integrated with the rest of the city, contributing to Turkish urbanization.
  • After the announcement of the canal project, the price of land around it increased to $800 per square meter in some areas around it.
  • The property built next to the new canal will offer a great investment opportunity.
  • It is close to the waterway that connects Istanbul Airport and the city center.
  • The canal will focus on commercial traffic and the Bosphorus Strait on tourism, so the region will see much commercial traffic.
  • The project next to the canal will own apartments for sale in Istanbul by the sea.
  • The canal will be built next to Istanbul's new airport, increasing its privileges.

What Percentage Of Ships Can Pass Through The New Istanbul Canal?

99% of ships passing through the Bosphorus can pass through the Istanbul Canal.

Will The New Istanbul Canal Project Negatively Affect the Region's Residents?

After evaluating the potential negative impact of the canal project, it was confirmed that the area's residents would not be negatively affected by the project in any way.

How Much Does The Istanbul Canal Cost, And What Are Its Profits?

The project cost is expected to be around $9.256 billion. The Turkish government expects the canal to generate about $8 billion in revenue annually due to transit service fees.

According to the structural plan, the rural, suburban line connecting the north and centre-west of Istanbul will be part of a new city of 7.5 million square meters when the project is completed, which will bring about significant changes in the town, and it will also be surrounded by 450 million square meters of beaches and dams on both sides: canal, and 147 million square meters of parks and gardens.

When Will The Istanbul Canal Project End?

The preparation phase before construction will take a year and a half, and it is expected that the canal will take about five and a half years, and it is planned to complete the project within seven years, i.e. in 2027.

What Is The Plan For The New Istanbul Canal?

The plan of the new Istanbul Canal indicates that its path will start from the line separating Lake Kucukcekmece from the Sea of Marmara. It will proceed towards the Sazlidere Dam through the regions of Şahintepe and Altinşehir to the Black Sea from the east of Lake Turkos and near Durusu, and the canal area will be located within the borders of the municipalities of Basak Sehir, Arnavutkoy, Kucukcekmece, and Avcilar.

What is The New Istanbul Canal ?

The Bosphorus Strait is one of the busiest sea lanes in the world. With nearly 43,000 ships passing through in 2017, the Bosphorus Strait sees almost three times the traffic of the Suez Canal.

The natural waterway passes through the Turkish city of Istanbul and divides the country between two continents - Europe and Asia. It is a passage for passengers, travellers and merchant ships. The Bosphorus Strait is one of the most strategic waterways in the world.

The canal will be an artificial sea-level waterway connecting the Black Sea with the Sea of Marmara, becoming an alternative to the global shipping lane.

Where Is The new Istanbul Canal Located?

Parallel to the strait, the Turkish government plans to build the "Istanbul Canal" in the northern part of the city. The Istanbul Canal will connect the Black Sea and the Sea of Marmara to the north and south of Istanbul.

What Are The Specifications Of The New Istanbul Canal?

  • The new Istanbul Canal is a waterway parallel to the Bosphorus Strait, 30 km from the Bosphorus, extending west of Turkey, linking the Black Sea in the north with the Sea of Marmara in the south.
  • It is 45-50 km long and 150 m wide.
  • The canal's depth is 20-25 kilometers (16 miles), and its width will vary from 250 meters to 1 kilometer.
  • The canal can accommodate 137 cargo ships and 27 tankers carrying weights of up to 150 tons.
  • It is planned to establish artificial islands from the excavation outputs of the canal.
  • The state intends to build 8 bridges and a new city on both sides of the canal, with commercial centres, a conference hall, and residential units.

What Is The Purpose Of Establishing The Istanbul Canal?

  • The project's main purpose is to relieve marine traffic through the busy Bosphorus Strait, one of the busiest waterways in the world, by diverting some marine traffic to the new canal, as the project aims to improve safety and reduce the risk of environmental accidents.
  • Navigating the Bosphorus can be challenging, but as one of the busiest waterways in the world, it sees heavy traffic. Therefore, one of the proposed goals of the Istanbul Canal project is to reduce pressure on the strait while boosting the Turkish economy.
  • The canal will reduce traffic on the Bosphorus.
  • Preserving the historical texture and safety along the Bosphorus.
  • Ensuring safe passage in the Bosphorus Strait.

What Is The Economic Importance Of The Istanbul Canal Project?

  • From an economic point of view, it cannot be denied that the project had a significant and tangible impact on encouraging domestic and foreign investment.
  • Investment in the European side of Istanbul witnessed a substantial economic boom after the canal project.
  • The rise in the value of the real estate in the European side of the city led to a significant increase in the economic value and investment value.
  • The New Istanbul Canal project is also seen as an opportunity to stimulate economic and urban development in the region. The canal is expected to create jobs and new constructions and attract investments in the surrounding areas.
  • Increase the brand value of Istanbul.
  • Turkey has been included in the top ten most powerful global economies.
  • It will solve navigation and traffic problems in the Bosphorus Strait.
  • Insurance of sea freight between the Black Sea and the Sea of Marmara.
  • About 160 ships are scheduled to pass through the canal daily, facilitating the movement of oil tankers through the Bosphorus.
  • The canal will reduce congestion and pollution in the Bosphorus Strait and promote using the strait for tourism and water sports.
  • Contribute to resisting the earthquakes in Istanbul, especially since the canal will be built according to international standards.
  • Ensuring the safety of cruises and contributing to the revitalization of tourism.

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