The era project ... the new Istanbul water cannal
The real estate market in Turkey in general, and Istanbul in particular in the recent period have witnessed a remarkable flourish and development, and this has led to the emergence of many types of real estate in different shapes and sizes .
there are many factors in Turkey that lead to the success of real estate investment in Turkey, including ,The strong Turkish economy, which witnessed a remarkable recovery along with stability , the investment environment that the Turkish state provides to all investors ,
in addition to the advanced infrastructure in Turkey which encouraged real estate investment and contributed to the success of real estate investments on Turkish lands, the Turkish state allocated its largest budgets for the development of infrastructure whose budget allocated to it amounted to about 350 billion US dollars .
In our article, we will talk about one of the most important huge infrastructure projects that the Turkish state has started to implementing and it is expected to contribute to the development of the real estate market in the future, which is the new Istanbul Water Canal project, or as some call it the era project.
Istanbul water channel project, which is one of the giant projects where the Black Sea will be linked to the Sea of Marmara, and its budget has reached about 15 billion US dollars, with this project Istanbul will get a new island and six bridges that will direct traffic over the channel. So new map will be drawn for the city of Istanbul. The project will enhance Turkey's position in the field of water crossings,
The project is located in Istanbul on the European side of the city in the following regions: Avcılar, Kucukcekmece, Başakşehir, and Arnaout Koy, where the project will start from the part that separates the Marmara Sea from Kucukcekmece Lake until it reaches to the sea the black .
The era project, as it was called by the Turks, which the Turkish state aims through its establishment to reduce the movement of ships in the Bosphorus strait, which is threatened by pollution and the convergence of ships which estimated at 50 thousand ships , 1000 of it oil tankers,
In addition to the objective of minimizing the damage caused by ships carrying dangerous materials, it is planned that the channel will expand to 150 ships per day, and the General Directorate of Roads will establish bridges and a port for emergency cases.
in addition to reducing the damage caused by ships transporting dangerous materials. It is planned that the canal will expand to 150 ships a daily , and the General Directorate of Roads will construct bridges and a port for emergency cases .
Three islands will be built with the use of materials from drilling, Two to the left of the canal, towards the Black Sea, and one to the right,
As for the real estate market, Anatolia News Agency indicated that real estate prices have increased in the areas that the canal will pass beside it , just by announcing the project.
The project was launched during the year 2019, which employs more than 5 thousand workers in the construction phase, and it is expected that about one thousand people will work in the operation stage. The project is scheduled to be completed in 2023.