Home Recent News The Crazy Project Canal Istanbul Bill Passed

The Crazy Project Canal Istanbul Bill Passed

The Crazy Project Canal Istanbul Bill Passed
Nova Property

The Budget and Planning Committee of the Turkish Grand National Assembly (TBMM) has accepted the draft of the Omnibus (bag) Bill, which also includes the “Canal Istanbul” project. A “Waterway” presentation has been made for Canal Istanbul. According to this the sale of the public sector properties on the route are being prohibited.

The Canal Istanbul project, which was among the Crazy Projects announced by the AKP government in 2011 to connect the Sea of Marmara with the Black Sea via Lake Küçükçekmece, was included in the Omnibus Bill. The legal regulations concerning the waterways were dealt with in the draft, and a definition is made for the “waterway” in the legislation, as a “Water passage to be created artificially and which will provide transportation with marine vehicles”.

The sale of public sector properties being prohibited

The land belonging to the Treasury and he special administration on the route of the waterway will not be able to be sold or used for any other purposes, due to public benefit. The common lands within the project, such as meadows and summer and winter pasture lands will be registered in the name of the Treasury. Other properties, for which a development share has been obtained, will be given in return for the properties located on Canal Istanbul.

Cost reduction being planned

Minister Binali Yıldırım pointed out that there had been a structuring directed at the free of charge use of areas such as meadows and pastures due to the issues experienced with the building of the roads, railways and skyways. He stated that this structuring had been performed with the consideration of ensuring that the project would be built without any delay, and in order to reduce the cost foreseen in the zoning arrangements.


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