Istanbul Canal ... the strongest future and the closest crossing
Last Updated: 2023-10-12
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Istanbul Canal
Istanbul canal is one of the largest projects of the modern Turkish Republic with the genius of the old Ottoman ambition. The idea of the canal was introduced in the 16th century in the time of Sultan Suleiman the Magnificent but was stopped several times for political reasons, the project was re-established in 2009 and the Turkish government aims to reduce the movement of ships in the Bosphorus as well as to reduce the damage caused by ships transporting dangerous materials as well as to remove the random buildings located on the track.
Istanbul Canal Definition:
It is an industrial waterway at sea level and parallel to the Bosphorus connecting the Black Sea and the Sea of Marmara and the length of the channel is 43 km and a width ranging from 400 to 500 m and its depth will be 25meters, while its total area will be 26 thousand square hectares.
The Ministry of Transport and Maritime Affairs has collaborated with a large number of institutions, most notably the Ministries of Environment, Forestry and Water, Food, Agriculture and Livestock, Energy and Natural Resources. Besides the municipality of Istanbul, the Collective Housing Department "Toki" of the Turkish Prime Minister. During the mapping of the canal route, the Ministry of Transport also hired a large number of Turkish and international experts.
Istanbul Canal Location:
The istanbul canal is located in the European section of Istanbul and the canal will make its way to the Black Sea from the Sea of Marmara through four municipalities, respectively:
(Kucukcekmece - Avcılar - Basaksehir - Arnavutkoy)
This leads to the formation of a new island with beaches overlooking the Black Sea, the Sea of Marmara, the New Canal and the Bosphorus, which is pushing real estate stocks to an unprecedented rise in the areas covered by the new canal, according to the following market expectations:
| The region |
Canal length
|
Area
|
Average prices per square meter
|
|---|---|---|---|
|
Kucukcekmece
|
7 km
|
38 km2
|
1500$
|
|
Avcılar
|
3.1 km
|
43 km2
|
1500$
|
|
Basaksehir
|
6.5 km
|
104 km2
|
700$
|
|
Arnavutkoy
|
28.6 km
|
506.5 km2
|
150$
|
New City:
The surrounding structure on both sides of the canal is characterized by civilization and modernity, and the buildings will be built on the horizontal system of four to five floors identical to the system of smart cities where the most advanced technologies adopt, and the area around Kucukcekmece Lake will be a natural area, in addition will be built recreation areas and fishing.
It is worth mentioning that traffic problems will be addressed, there will be no traffic crises and parking problems will disappear there and the population of this city is estimated at 500,000.
Bridges:
It is planned that the Directorate General of Road Roads will build 10 bridges, including two metro bridges and two railway bridges.
Earthquake and tsunami resistant:
During the preparation of the executive plan, the statistics of wind gusts were taken into account for about 25 years coming, and the storms and deep sea waves in the Black Sea and Marmara were studied, and it was found through the preparation of the initial plan of the project that the canal will not be exposed to any negative effects from the occurrence of any seismic tsunami, and the scheme was designed so that the two banks of the canal are not affected by the waves caused by the passage of ships in the corridor.
Investments:
Turkish economic estimates show that the Istanbul Canal water project to be launched in the next few months will generate significant financial profits for Turkey and according to Turkish statistics, 137 cargo ships and 27 tankers carrying commercial cargo weighing up to 150 million tons will generate about $8 billion a year for Turkey, allowing Turkey to collect $5.5 billion for each ton of cargo and cargo it passes daily.
The cost of the canal is estimated at $12.5 billion and data suggests that the new channel's revenues will cover the project costs in just two years.
Buying real estate near Canal Istanbul:
Foreign and local capital owners and construction companies interested in the development of the real estate sector seek to provide various facilities to investors by offering apartments for sale in comfortable installments and tax exemptions aimed at increasing real estate investments. Sports and transportation contracts, which increased the rate of high prices in ownership and rent.
The most important points that contribute to raising the value of real estate:
-
Proximity to a waterway linking the new airport with the city center.
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The region will see a big commercial movement as the new channel will be dedicated to the movement
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Commercial, which will attract commercial companies, shipping companies and banks to own or rent.
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Projects near the canal will provide apartments for sale in Istanbul with sea views.
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Near the canal to the new airport where the concessions will double.
Mersat Real Estate provides you with many investment and residential projects and distinguished investment lands, promising high investment returns in areas expected to increase in prices with installment plans and tax exemptions.
Among the most important projects of Anchor Real Estate:
The melodies project.
The Melodies Garden Project.
The River of Hope project.
Avcılar Bracelet Project.
Project Ebro.
Sparta Tower project.
Turquoise Project.
Sparta Housing Project.
Sweet with a famous fragility.
Europe Life Project.
The Melodies Garden Project.
The River of Hope project.
Avcılar Bracelet Project.
Project Ebro.
Sparta Tower project.
Turquoise Project.
Sparta Housing Project.
Sweet with a famous fragility.
Europe Life Project.
What do you think of the channel project, and do you see early investment there better or wait for implementation?
Share your opinion and share the article with your interested friends and acquaintances, and if you have more questions please do not hesitate to leave us your contact numbers, we will be happy to answer all your questions.
Edited by Mersat Real Estate Team©
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