Why is Turkey building a new canal?

The stated purpose of the project is to reduce the large marine traffic through the Bosporus and minimise the risks and dangers associated particularly with tankers.

What is the importance of the Bosphorus Strait?

The Bosphorus strait is one of the world’s important maritime routes for the transportation of oil from the Caspian Sea region and Russia to regions including Asia, Western and Southern Europe.

What is the waterway in Istanbul called?

Bosporus
Bosporus, also spelled Bosphorus, Turkish İstanbul Boğazı or Karadenız Boğazı, strait (boğaz, “throat”) uniting the Black Sea and the Sea of Marmara and separating parts of Asian Turkey (Anatolia) from European Turkey. Boats on the Bosporus at Istanbul.

What is Bosphorus treaty?

The Montreux Convention Regarding the Regime of the Straits is a 1936 agreement that gives Turkey control over the Bosporus and Dardanelles Straits and regulates the transit of naval warships.

Is Istanbul on both sides of the Bosphorus?

One part of Istanbul lies in Europe and the other part lies in Asia. Istanbul’s European part is separated from its Asian part by the Bosphorus strait, a 31-km-long waterway that connects the Black Sea with the Sea of Marmara, and forms a natural boundary between the two continents.

Why is it called the Bosphorus?

The name Bosphorus comes from a Thracian word meaning “passage of the cow.” The name is derived from the legend of Io who was one the many lovers of the Greek god Zeus. Hera, the wife of Zeus, became suspicious and came down from Mount Olympus to see what her husband was up to.

Why is it called Istanbul?

The name İstanbul was in use from the 10th century onwards. It derives its name from the Greek “eis ten polin” which means “in the city.” In the 1930’s the Turkish Postal Service created a law officially declaring the sole name be Istanbul.

What is the Istanbul Canal project?

It is the Istanbul Canal project announced by Turkish President Recep Tayyip Erdogan when he was prime minister in 2011 as one of his goals to reach the new Turkey in 2023. The canal project, which will strengthen Turkey’s status in the waterways, connects the Marmara Sea with the Black Sea on the European side of Istanbul.

How will the Istanbul Canal affect the Bosphorus?

One of the proposed aims of the Istanbul canal project is to reduce pressure on the strait while adding to Turkey’s economy. Here’s how. The Bosphorus is one of the busiest maritime passages in the world.

What would happen if Turkey built the Sİ Canal?

It also carries health hazards, given the river passes through Turkey’s capital, Ankara, and through polluted industrial areas to reach the Black Sea. The canal would also destroy Küçükçekmece lagoon, which in turn could see hundreds of different species vanish, scientists warn.

How much money does the Turkish government make from the canal?

The government is expecting to generate approximately $8 billion in revenue per year from Canal Istanbul, thanks in part to the service fee for transits, former minister Arslan said.