Erdogan invites S. Korean investors to join Istanbul Canal construction
Baku, Azerbaijan, May 2
By Rufiz Hafizoglu – Trend:
Turkish President Recep Tayyip Erdogan during his visit to Seoul invited South Korean investors to participate in the construction of the Istanbul Canal, a waterway that will link the Black and Marmara seas, Turkish media reported May 2.
He said the participation of South Korea in the canal’s construction will serve the interests of the two countries.
Today, President Erdogan is on an official visit to South Korea.
Before his visit to South Korea, Erdogan stressed the importance of strengthening relations between the countries, as well as the need to increase the trade turnover.
The aim of construction of the Istanbul Canal is to reduce the burden on the Bosphorus Strait, as well as to prevent the threat of ecological and man-made disasters on one of the world's most intense sea routes.
The depth and width of the Istanbul Canal will be 25 meters and 400 meters, respectively. Presently, an average of 150 vessels pass through the Bosphorus daily, of which about 30 are oil tankers.
The Istanbul Canal will run parallel to the Bosphorus and in fact will turn the European part of Istanbul into an island and separate it from Europe.
A new port is also expected to be constructed within the project. The construction of the Istanbul Canal will continue for five years, and its minimum lifetime will be 100 years.
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