Baku, Azerbaijan, Feb. 24
By Rufiz Hafizoglu - Trend:
Turkish President Recep Tayyip Erdogan has charged authorities to accelerate the Istanbul canal construction, Hurriyet newspaper reported Feb. 24.
The projected length of the Istanbul canal will be 45-50 kilometers, depth - 25 meters, width - 145-150 meters.
The local companies will build the canal.
Six bridges will be built as part of the project.
The project cost is $ 20 billion.
Turkey will give compensation to the citizens whose immovable property would be in the area of the canal construction.
The first time Erdogan announced about the intention to implement the project was in 2011.
The canal is expected to be constructed by 2023.
The purpose of the canal is to reduce the load during navigation on the Bosphorus. The tankers with fuel are mainly planned to pass via the new canal.
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Edited by CN
follow the author on Twitter: @rhafizoglu