The latest announcement made by Binali Yıldırım, the Minister for Transport, concerning the route of Canal Istanbul, is likely to make those who have invested and the construction companies who are undertaking projects on the old route lose sleep. The reason for this is the announcement of Minister Yıldırım that they are “Going back to the drawing board regarding the route of Canal Istanbul”. Now, all eyes have been turned to the new route which is to be announced, and what will happen to the giant investments undertaken on the old route has already become a matter of curiosity. Those who have made sales to consumers with statements that “The route is passing through here” and “Apartment with a view of the Canal” and the matters which will be experienced following the big fiasco which will make those who have invested in these projects lose sleep, are likely to be an even bigger matter of curiosity.
The new route of Canal Istanbul is a secret
The announcement made by Minister Yıldırım has had a huge impact on the agenda. He clarified his announcement by saying that there are geological structures and natural and historic archeological sites on the route of the project, and that there were some doubts amongst experts as a result. Minister Yıldırım said, “Therefore, the need has arisen to go back to the drawing board concerning the route.” Minister Yıldırım stated that people should not rush into new investments in this respect, and said,
We have yet to announce a route. As soon as I say, ‘This is our route’, then that will be what is binding for us.