CANAL ISTANBUL

The construction of the canal that would cut through the European part of Turkey, west of Istanbul, connecting the Black Sea and the Marmara Sea. When completed, it will be 47 km in length (the length of the Suez Canal is 193 km, and that of Panama Canal 77 km), 150 m width and 25 m depth. The project also includes the construction of as many as six bridges and two towns with housing for half a million people each. The cost of the whole enterprise is estimated at $20 billion and its completion is expected by 2023.