Kanal Istanbul to be developed under public-private partnership

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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.

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