Chairman of Saudi-French Parliamentary Friendship Committee Meets with Senior French Officials    Saudi Export Development Authority Organizes Saudi Trade Mission to USA    Qatar Records 164 New Cases of COVID-19    Saudi Stock Exchange Main Index Ends Trading Lower at 11021 Points    LuLu group and EFAA group make kindness and support priority on World Disability Day.    Bahraini leaders hail huge success of Saudi Arabian Grand Prix, congratulate King and Crown Prince    Coalition forces shoot down two Houthi-fired drones    Saudi and GCC entrants set to dominate motorcycle and quad battles in Hail    10 days to go until Riyadh comes alive with MDLBEAST'S majestic shows    Saline Water Conversion Corporation Shares its Initiatives in Realizing Saudi Green Goals in London Forum    World Directs Attention to Final Round of FIA Cross Country Rally World Cup in Hail    King Abdullah Port Reinforces Commitment to Maritime Sector through Continued Sponsorship of 2021 SMME    Arab Justice Ministers Commence 37th Session    KSrelief project dismantles over 1,500 land mines in Yemen in a week    Pakistani education minister lauds Saudi e-learning success during the pandemic    Saudi Arabia, Pakistan sign agreement on labor recruitment    Saudi, Bahrain navies begin joint maritime exercise 'JISR-22'    Japan Reports 3rd Case of Omicron Variant in Traveller who Had Been in Italy    Germany Records 27,836 New COVID-19 Cases    Ministry of Islamic Affairs Stresses Necessity of Wearing Mask and Social Distancing in Mosques    Military truck rams into group of Myanmar protesters in Yangon    Nazaha arrests 250 government staff on charges of corruption    5-day Jeddah international motor show starts Today at 6 PM    Lewis Hamilton wins thrilling Saudi Arabian Grand Prix    Crown Prince attends inaugural Saudi Arabian Grand Prix    Aramco, French companies sign agreements    Saudia, CFM sign SR32 billion LEAP-1A engines purchase agreement    Deputy Governor of Hail: Hail International Rally is a practical translation of the wise leadership's support    Hail International Rally to Kick off Tomorrow    SAMI, Airbus to Form Joint Venture for Military Aviation MRO and Services    Death Toll Rises to 13 after Indonesia's Semeru Volcano Erupts    Hamilton sets pace in free trials in Formula 1 STC Saudi Arabian Grand Prix    Red Sea Immersive to provide enthralling experience: Liz Rosenthal    Invest in Saudi Arabia Initiative Announces its Partnership with Formula 1 Saudi Grand Prix    Duchess of Sussex wins latest court battle with Mail on Sunday publisher    Trolls join UN campaign for healthier eating, sustainable living    BIENALSUR Exhibition Arrives in Jeddah at Historic Site of Qasr Khuzam    Saudi Hind Al-Showaier Elected Regional Director of World Federation of the Deaf    Saudi Film Commission launch its strategy to develop film and cinema sector    Bollywood superstar Salman Khan to dazzle Riyadh Season on Dec. 10    First Full International Marathon in Saudi Arabia to be Held in March 2022    Bollywood star's 'India got freedom in 2014' remark stirs controversy    23 Saudi women obtain favorable verdicts in 'adhl' lawsuits    Bride's fingerprint not required in revised e-marriage contract    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Erdogan launches 'Kanal Istanbul'
Published in The Saudi Gazette on 26 - 06 - 2021

Turkish President Tayyip Erdogan on Saturday launched 'Kanal Istanbul', a $15 billion canal project aimed at relieving pressure on the busy Bosphorus Strait by laying the foundations of a bridge over the planned route.
"We view 'Kanal Istanbul' as a project to save Istanbul's future," Erdogan told at the ceremony. "We are opening a new page in the history of Turkey's development."
The government said it is increasingly hazardous for tankers to wind their way between Black Sea and the Sea of Marmara down the congested Bosphorous, which divides the European and Asian halves of Istanbul, a city of 15 million people.
Already 43,000 ships pass through every year, far more that the 25,000 the government considers safe, causing longer waiting times. By 2050, it is estimated that the number will rise to 78,000.
Critics of what Erdogan dubbed his "crazy project" when he revealed it a decade ago question the viability of a waterway running 45 km (28 miles) through marshland and farms on the western edge of Istanbul, and say it will damage the environment.
Construction workers poured cement into the foundations of the 1.6 km bridge as a crowd waved Turkish flags. Erdogan said the canal would take six years to complete.
Nevertheless, a survey suggests most citizens oppose the project, as does Istanbul Mayor Ekrem Imamoglu and the opposition CHP party, to which he belongs. Critics say it would destroy a marine ecosystem and endanger some of the city's fresh water supply.
Senior bankers told Reuters in April that some of Turkey's biggest banks were reluctant to finance the canal due to environmental concerns and the investment risks.
Russia is also concerned that the canal might not be covered by the 1936 Montreux Convention, which restricts the passage of non-Black Sea states' warships through the Bosphorus.
Imamoglu had dismissed Saturday's ceremony as a face-saving stunt for a project that has been slow to materialize, partly due to economic difficulties. He said the bridge was part of a highway project unrelated to the canal.
To its supporters, it means investment, jobs and safety for Istanbul, Turkey's largest city. To its critics, it means an eco-catastrophe, a waste of precious funds and a threat to one of the most important treaties underscoring the country's security.
'Kanal Istanbul' — a scheme to dig a 45-kilometer long channel between the Black Sea coast and the Marmara Sea — is undoubtedly Turkey's most polarizing project, running close to many of the country's political fault lines, as well as its geological ones.
With a new, canal-side city of about one million people also part of the plan — along with dozens of bridges and highways, marinas and malls — a 2018 estimate from the Turkish Ministry of Transportation and Infrastructure put the eventual cost at some $20 billion.
An additional price, too, is the environmental damage, with the canal due to pass through some of Greater Istanbul's most precious remaining green areas.
According to the Istanbul Municipality — which strongly opposes the project — some 200,000 trees will be felled, 136 million square meters of agricultural land will be destroyed and 33 million cubic meters of the city's water supply will be disrupted by the canal.
Yet, the potential cost of this economic and political calculation may be much greater in the long run than even the $20 billion price tag. — Agencies


Clic here to read the story from its source.