The idea to build new Istanbul Canal project (Turkish: Kanal İstanbul) comes from the great importance of the Bosphorus Strait.
Thousands of residents live on both sides of the Bosphorus, even though the Bosphorus is a place of trade and transit.
Bosphorus Strait becomes more dangerous every year in terms of the dangers posed by ship traffic.
The annual number of ship crossings, which was 3-4 thousand 100 years ago, has now reached 45-50 thousand.
Due to the one-way traffic regulation to increase navigational safety, the average waiting time in the Bosphorus for large ships is approximately 14.5 hours for each stranded ship.
Therefore, the goal of Istanbul Canal project is to protect the historical and cultural sides of the Bosphorus, increase its security, reduce the burden caused by maritime traffic.
Additionally, increase security in the strait, ensure traffic safety and navigation, establish a new international sea waterway, and create a modern earthquake-resistant residential area in Istanbul.
Canal Istanbul Montreux
Montreux Convention organizes the trade and passage through the Bosphorus and Dardanelles straits.
But for Turkish government, Istanbul Canal will not subject to The Montreux Convention and it will provide comfort and peace to the country.
Turkish government, represented by its president Recep Tayyip Erdoğan, aims to bypass the Montreux Convention and to rule the new canal according to its own geographical interests, even though the Russian rejection for the canal.
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Details of Canal Istanbul in Turkey
The length of the canal is about 45 km and its base width is 275 meters. It has also a depth of 20.75 meters.
Ships wait about 14.5 hours for each transit in the Bosphorus, and the average waiting time for ships carrying dangerous goods is 35 hours.
Sometimes there may be a waiting period of 3-4 days, and according to 2017 data, the economic losses caused by waiting times for ships reached to millions of dollars.
The average daily rental loss for ships of more than 200 meters in length is up to 120 thousand dollars.
Istanbul Canal will not only provide a great advantage for transiting ships, but will also contribute to preventing accidents and disasters that may occur in waiting areas.
Istanbul Canal cost
The cost of building the canal was estimated at 75 billion Turkish liras, and the total cost of the project was 15 billion dollars.
This project is intended for the safety and security of Istanbul residents and nearly 10,000 people were working during the preparation and construction period of the project.
Canal Istanbul plans
- The canal reduces a large amount of pollution caused by the passage of a large number of ships in the Bosphorus to Istanbul-Turkey.
- It provides many projects and developments as it is planned to build earthquake-safe cities with about 250,000 residences on both sides of the canal.
- The new canal serves to prevent and reduce the maritime traffic problem faced by the Bosphorus.
- It also generates significant financial resources for Turkey.
- Six bridges will be built over the canal to transform Istanbul into a city with two seas.
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