Information about the Istanbul Canal project and investment opportunities
Canal Istanbul is one of the huge investment projects in the field of transportation and the most important strategic project plans in Turkey in recent years to eliminate the increasing risks posed by ships carrying dangerous objects through the Bosphorus Strait.
Characteristics of the Istanbul Canal
Reducing navigation traffic in the Bosphorus Strait by diverting ship traffic from the strait to the new channel.
Reducing the environmental risks to the Bosphorus Strait as a result of the passage of tankers that threaten marine life in the strait and its surrounding areas.
In addition to increasing the security of maritime navigation of the Turkish Straits, and maritime traffic.
The importance of the Istanbul Canal
Enhancing brand value in Istanbul.
Providing solutions to the problems of navigation and ship movement in the Bosphorus Strait.
Support for shipping between the Black Sea and the Sea of Marmara
Facilitating the movement of oil tankers passing through the Bosphorus Strait, as it was planned that the canal would accommodate the passage of about 160 ships per day.
Canal Istanbul Project - New opportunities for investment in Canal Istanbul
The canal project, which will enhance Turkey's position in the waterways, connects the Sea of Marmara with the Black Sea on the European side of Istanbul. The Turkish government aims to create the Istanbul Canal to limit the movement of ships in the Bosphorus Strait, as well as remove random buildings on the track.
The Istanbul Canal project is one of the largest projects to be built in the 21st century, not only in Turkey but all over the world. The canal will be a great opportunity for the real estate sector in the city. Lands for sale in Kanal Istanbul will definitely be available. Also, real estate prices are rising in the city even before the launch of this channel, especially in areas such as Bahcesehir, Basaksehir, Kucukcekmece, and Kayasehir.
This led to the construction of a large number of mega projects in the Basaksehir region as an example, as it witnessed the construction of many commercial complexes, health facilities, gyms, stadiums, and transportation projects.
The impact of the new Istanbul Canal on real estate prices in Istanbul
Real estate prices have risen in a number of areas, especially in neighborhoods such as Kayabashi, Basin Express and other neighborhoods in the region. Investment in Kanal Istanbul is expected to cause
A rise in real estate prices in the near future.
Kucukcekmece also witnessed a similar increase in real estate prices, both in terms of renting and selling. The average price per square meter in Kanal Istanbul was 2,900 TL, based on October 2022 indicators, and the average monthly rent for homes in the neighborhood is 2,400 TL.
The situation is similar in Avcilar region as well. The past five years have witnessed a huge jump in real estate prices, and many large real estate projects have entered into them. The price increase reached 40% during this period. The average price per square meter is 9,500 TL.
Prices also increased in neighboring areas such as: Beylikduzu, Esenyurt, Basin Express and other nearby areas.
Real estate prices are expected to double once the canal is completed, especially with the great efforts by the Turkish government to establish infrastructure projects next to the canal to make that area the second center of Istanbul, which in turn will increase the demand for real estate purchase there.
What will contribute to the investment revolution in the new Istanbul Canal area is its presence near Istanbul's third airport, and this will contribute to connecting the region to the old center of Istanbul, with highways that facilitate access without passing through many roads passing through villages, which hinders smooth access.
Details of the Istanbul Canal project
Excavations began in the course of the Istanbul Maritime Canal Project since 2017 and ended in early 2018. The Ministry of Transport, Maritime and Communications cooperated with a large number of institutions, most notably: “Ministries: Environment, Forestry, Water, Food and Agriculture, Livestock, Energy and Natural Resources”, Greater Istanbul Municipality, The Collective Housing Administration "TOKI" and the Turkish Ministry of Transport also employed a large number of Turkish and international experts.
The General Directorate of Roads will construct bridges and an emergency port within the Istanbul Water Canal project. The Ministry of Transport prepared the initial plan for the project. It is planned to use the excavations in the canal to create artificial islands in the Sea of Marmara. It will also be used to fill holes in coal mines, as well as to build recreational areas.
other details
The length of the canal is 45-50 km, and its depth is 25 meters.
The width of the channel is 150 meters at the surface and 120 meters at the bottom of the channel.
The new canal can handle 137 cargo ships and 27 tankers with weights of up to 150 tons.
The canal will witness the construction of 6 bridges and a new city on both sides of the canal, which includes a conference hall, major commercial centers and residential complexes.
The state intends to build artificial islands from the excavation outputs of the canal
New Istanbul Canal - Advanced Technology and Genius Minds
During the preparation of the project plan, it was found that the new Istanbul Canal would not have any negative effects due to the possibility of a tsunami, and during the preparation of the plan, wind statistics for about 25 years were taken into account. . Storms and deep sea waves were studied in the Black Sea and the Sea of Marmara, and the plan was designed so that both sides of the canal would not be affected by waves caused by the passage of ships in the waterway. In addition to benefiting from other canals such as Panama-Suez-Kel, the Istanbul Water Canal will be built with unique ways to create and use its own technologies.
The situation is no different in the Arnavutkoy area, which has become a major attraction for investors in the real estate sector. After the news of the canal passing through the neighborhood, the price per square meter reached an average of 2225 Turkish liras.
Canal Istanbul project progress and completion date
Turkish Minister of Transport and Infrastructure, Cahit Turhan, announced that Turkey plans to launch the Canal Istanbul project in 2019. The framework of the canal project. The project is also scheduled to be completed by 2023, marking the centenary of the Turkish Republic.
The canal aims to provide support for shipping between the Black Sea and the Sea of Marmara, especially the movement of oil tankers passing through the Bosphorus Strait. The canal is planned to accommodate 160 ships per day, with a length of 45 km (28 miles) to be built in the route: "Küçükçekmece - Sazlidere - Durosu", in Istanbul.
New Istanbul Canal route and map
Five different ways to construct the new Istanbul Canal project were analyzed, and the most suitable destination was determined between Kucukcekmece and Yenikoy, an area along the Bosphorus Strait; The new Istanbul Canal map will be special. Canal Istanbul will start from the line separating the Sea of Marmara from Lake Küçükçekmece and pass towards Sazlidere Dam through Altinsehir and Şahintepe regions before reaching the Black Sea from the east of Lake "Terkos" near "Terkos" and "Durusu".
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