Istanbul is the most traveled city in the world, with over 18.5 million visitors. There are many new attractions that have been popping up lately to lure travelers to its shores. One of these attractions is the Great Istanbul Tunnel, which will connect Asia and Europe. We will learn all the details about the history of the 3-storey Great Istanbul Tunnel project, and the effects of the Great Istanbul Underwater Tunnel on real estate.
In a city like Istanbul, traffic is a nightmare. There are many ways to get around the city, but most of them are congested, and it often takes hours to get from one point to another.
The Great Istanbul Underwater Tunnel is a new project that will be the world’s longest underwater tunnel. It will connect the Asian and European sides of Istanbul, which are currently separated by the Bosporus Strait.
Brief Introduction to The Great Istanbul Tunnel
The Great Istanbul Tunnel project is the first of its kind in Turkey and will be a key part of Istanbul’s transportation system, as described by Turkish President Erdogan when he spoke about it.
Added to this, the 3-storey Great Istanbul Tunnel will connect two parts of the city that are currently separated by the Bosporus Strait. It will have three lanes for vehicles and two for public transit, as well as pedestrian walkways on either side.
The Great Istanbul Tunnel project consists of three floors, and is the first three-level tunnel in the world, with a metro line and a dual highway within it. The cost of this 3-storey Great Istanbul Tunnel Project is about 3.5 billion dollars.
It will cross under the Bosporus Strait to reach both sides of the European and Asian city in order to reduce the duration to less than a quarter of an hour.
The Story Behind the Great Istanbul Tunnel Project and Why It is Still a Mystery
The story behind the Big Istanbul tunnel project is still a mystery and has been a topic of speculation for many years.
This project is considered to be one of the most successful engineering projects in Turkish history, as the most important reason for its work and construction is to solve the traffic problem.
With the large number of cars that the Big Istanbul tunnel will contain and with the kilometers that it will shorten, we can say that the 3-storey Great Istanbul Tunnel project has become an urgent necessity for the future of the city.
The Role of the Great Istanbul Tunnel in Enabling a Stronger Economy
One of the best solutions to improve transportation is to exploit the underground and under the seas to relieve pressure on the main roads and suspension bridges.
The 3-storey Great Istanbul Tunnel project is not only for facilitating transportation, but also will improve the economic development and social development.
It aims at creating an economic hub in Istanbul that would attract foreign investments and provide jobs for locals.
The Big Istanbul Tunnel Project | A Third Tunnel Under The Bosphorus
The 3-storey Istanbul Great Tunnel project will be the first triple tunnel in the world, but it is not the first tunnel that passes under the Bosporus.
There are two tunnels that pass under the Bosporus as well, which shorten the time and distances:
- Marmaray Tunnel, its excavation work began in 2004 and opened in 2013.
- Eurasia Tunnel, the world’s first two-storey undersea tunnel for cars, which was opened in late 2016.
Facts About the Great Istanbul Tunnel You Should Know
With this 3-storey Great Istanbul Tunnel project, there will be a metro line with a length of 31 km and metro stations with 14 stations, in addition to the highway, which will be 16.5 km long. The Big Istanbul Tunnel project is 4.5 km long and its diameter is 16.8 m.
Read more: The Best Guide to Beyoglu Istanbul Turkey
Location of The Great Istanbul Tunnel
The Great Istanbul Underwater Tunnel project will connect the two sides of the Asian and European sides of Istanbul, and passengers will be able to reach the Sogutlu Sisme area on the Asian side of the Incirli district in just 40 minutes by metro.
As for the highway that will pass from the Big Istanbul Great Tunnel project, it starts from Hasdal on the European side to Chamlik on the Asian side, and the road will take about 14 minutes and will be used by about 650,000 passengers per day when the Great Istanbul Tunnel project opens.
The 3-storey Great Istanbul Tunnel starts from the Incirli district on the European side, passing through: Zeytinburnu, Civizli Bag, Edirnekapi, Sutluce, Birba, Ceglian, Mecidiyekoy, Gayrittepe, Kucukyali, Altunizada, Unalan, all the way to Sogutlu Sisme on the Asian side.
Read more: The Best Reasons to Buy a Property in Turkey
Construction of The Great Istanbul Tunnel Project
The studies of construction of the Great Istanbul Underwater Tunnel project began in 2017, and the work began in 2018. The Construction work is still in progress, the Big Istanbul Tunnel project is expected to be ready in 2023.
One of the world’s largest tunnel machines (TBM) is being used to excavate the Great Istanbul Tunnel project, with the giant drilling ship measuring 83 meters in length and 20 meters in width with self-repair feature.
Length of The Big Istanbul Tunnel Project
The Big Istanbul Tunnel project is 4.5 km long under the Bosporus, and the metro line will be 31 km long for all 14 stations, while the highway will be 16.5 km long.
The Great Istanbul Tunnel Project Cost
The cost of the Great Istanbul Tunnel project is about 3.5 billion dollars, and it is reported that the Turkish government has spent more than 64 billion Turkish liras on tunnel projects for 19 years ago.
Does The Great Istanbul Tunnel Affect Real Estate Prices?
The Great Istanbul Underwater Tunnel project is large, such as the Eurasia Tunnel and Marmaray project. This project, upon its completion, will create a real estate renaissance in the areas that connect it and shorten the distances between them.
The areas of the European side and its real estate will certainly be affected when the Great Istanbul Underground Water Tunnel is completed, and the price per square meter is expected to rise in the areas that will be close and connected to the project.
And with urbanization increasing and more people moving into cities like Istanbul, there is going to be an increase in demand for housing. This means that real estate prices will continue to rise as long as the demand for housing continues to increase.
The Effect of The Marmaray Tunnel on Real Estate Prices
Since its opening in 2013, the Marmaray Tunnel has positively affected real estate prices and real estate investments in its area.
The Effect of The Eurasia Tunnel on Real Estate Prices
The Eurasia Tunnel was opened in 2016, it added a double real estate value in many neighboring areas such as Zeytinburnu and Kadikoy.
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Frequently Asked Questions about The Great Istanbul Underwater Tunnel
Where is the Great Istanbul Tunnel?
The Great Istanbul Tunnel is located underneath the Bosporus strait.
How long is the Great Istanbul Tunnel?
The long of the Great Istanbul Tunnel is 4.5 km.
Where will the 3-storey Big Istanbul Tunnel pass?
The 3-storey Big Istanbul Tunnel starts from the Incirli district on the European side, passing through: Zeytinburnu, Civizli Bag, Edirnekapi, Sutluce, Birba, Ceglian, Mecidiyekoy, Gayrittepe, Kucukyali, Altunizada, Unalan, all the way to Sogutlu Sisme on the Asian side.
What is proposed for the Great Istanbul Tunnel project?
The Great Istanbul Tunnel is proposed to be an alternative to cars by providing high capacity transport with fewer delays.
How much is the Great Istanbul Tunnel project cost?
The cost of the Great Istanbul Tunnel project is about 3.5 billion dollars.
How many tunnels under the Bosphorus in Istanbul?
After the completion of the Great Istanbul Tunnel, there will be 3 tunnels under the Bosporus.
Are there underwater tunnels underground in Istanbul?
Yes, there are underwater tunnels underground in Istanbul.
How is the Eurasia Tunnel powered?
The Eurasia Tunnel has developed the areas of Istanbul, and improved the foreign trade between cities.
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