how Istanbul canal will effect Turkey's economy
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The canal will connect the Black Sea north of Istanbul with the Marmara Sea to the south and is estimated to cost 75 billion lira ($11.6 billion). The government says it will ease shipping traffic on the Boshphorus Strait and prevent accidents there. ... The valid bids ranged from 408,000 lira ($63,500) to 550,000 lira.
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The canal will connect the Black Sea north of Istanbul with the Marmara Sea to the south and is estimated to cost 75 billion lira ($11.6 billion). The government says it will ease shipping traffic on the Boshphorus Strait and prevent accidents there. ... The valid bids ranged from 408,000 lira ($63,500) to 550,000 lira.
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