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In accordance with Turkiye’s ambitious 2023 targets, two new cities are planned to be built in Istanbul. One of them is planned to be built in Kemerburgaz, on the European side of Istanbul, and the other will be in Tuzla, on the Asian side. The Asian part of the project will be adjacent to Sabiha Gökçen International Airport. The European part will also include an airport. New airport project in Istanbul is planned to be built adjacent to the new settlement site. These cities will have a capacity to accommodate a population of 1 million which is expected to reduce the population density in the city centre of Istanbul, as well as create new investment and employment opportunities.

Another upcoming gigantic project is Canal Istanbul, which is an artificial sea-level waterway between the Black Sea and Sea of Marmara. The channel will be 25 meters in depth and 500 meters in width. Planned length of the channel is around 45 km and it is projected to be inaugurated by 2023, the 100th anniversary of the foundation of Turkish Republic. Projected cost of the project is USD 10 billion. It is forecasted that the channel will create abundant real estate opportunities around itself.

Turkiye is a major energy corridor and serves as a terminal connecting demand and supply rich regions. With its existing potential, mega projects and ambitious targets set for 2023, Turkiye offers great opportunities for investors in the property (real estate) sector.

Dardanelles Strait Bridge Planned Date of Start: 2015 Investment cost: USD 6 billion (including the highway) :

*Connecting Anatolia and Europe directly over the Dardanelles Strait, the project consists of a highway of 3.8 kilometres including linking roads and it is expected to reduce the traffic load of Istanbul.

*USD 1.5billion out of a total of USD 4.5 billion investment is for the Tekirdag Çanakkale Balikesir highway and the highway will be connected to another ambitious transportation project in Southern Marmara, Izmit Bay Crossing motorway.

*Representing around 60%-70% of Turkiye’s exportation potential, the Marmara-Aegean axis will definitely help the growth of national economy owing to the project.

*The project will also trigger further international harbour, shipyard and marina investments.

*Apart from the route, all project details are not available yet. Recently, the information about ongoing zoning plan revisions regarding a high-speed rail line was shared with the public.

Sosyal Medyada Bizi Takip Edin !