The Foundations of Railway Project Connected with Canal Istanbul Has Been LaidWed, Dec 1, 2021 12:00 AM
Canal Istanbul is one of the latest projects of the Turkish government, which includes a man-made canal that will connect the Black Sea and the Marmara Sea. Recently, the foundations of the railway project connected with Kanal Istanbul have been laid.
Without a doubt, Canal Istanbul contributed to the overall economy of Turkey right after its foundations were laid. The real estate prices increased by thirty percent in only a few months and land prices around the area multiplied by two.
The project continues to attract foreign investors to own amazing real estate in this new area. Recently, the government has laid the foundations of a railway project connected with Kanal Istanbul. Experts believe that this new project will also contribute to the increase in real estate prices.
Minister of Transport and Infrastructure Announced the New Railway Project
Minister of Transport and Infrastructure Adil Karaismailoglu announced that another project related to Canal Istanbul has been started. He stated that the traffic load threatens the navigation, life, property, and environmental safety of Bosphorus.
When the Canal Istanbul Project, in which 204 scientists take part in engineering studies, is completed, it will not only ensure the safety of life and property of our citizens but also add value to Istanbul.
It will also protect the historical and cultural texture and alleviate the traffic load of the Bosphorus.
Karaismailoglu also said, we also started the construction of the Halkalı-Ispartakule section of our Kapikule-Halkali High-Speed Train Project, which we designed to pass under Canal Istanbul.
He noted that this strategic project will make Turkey a global logistics base and help the country to increase its share of the world trade and transportation routes.
Water Loss Will Be Compensated
Besides transportation projects, the government is also taking steps in the infrastructure as well. One of these steps will be about water, which is increasingly important for the city. While the amount of water to be lost from the Canal Istanbul project is calculated as 32.7 million cubic meters, the Melen project will provide a total of 1.8 billion cubic meters of water annually for the city.
Balaban Dam is also going to be built within the scope of the product and it will be an alternative water source for the region.
Real Estate Prices Are Increasing Every Month
As the Turkish Government started to take concrete steps for the realization of the project and related projects, the real estate prices are constantly increasing. Canal Istanbul attracts plenty of domestic and foreign investments to the area and people have already started to make a profit.
If you are looking for a great investment opportunity in Turkey, then you may want to learn more about Canal Istanbul, real estate in the region, and other business opportunities.