Erdogan says Turkey will hold Kanal Istanbul tender next year

Erdogan says Turkey will hold Kanal Istanbul tender next year
Earlier this year, Erdogan had said his government would not consider news investments, casting doubt on the $16 billion plan. (File/Reuters)
Updated 06 December 2018
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Erdogan says Turkey will hold Kanal Istanbul tender next year

Erdogan says Turkey will hold Kanal Istanbul tender next year
  • “The Kanal Istanbul has been delayed too much. We will hold a tender for it in 2019 and start the process”
  • The statement comes despite a government freeze on new investments as it reins in spending

ANKARA: Turkey will hold a tender for the construction of a 45-km shipping canal running parallel to the Bosphorus, President Tayyip Erdogan said on Thursday, despite a government freeze on new investments as it reins in spending.
“The Kanal Istanbul has been delayed too much. We will hold a tender for it in 2019 and start the process,” Erdogan told a meeting of his AK Party in Ankara.
Earlier this year, Erdogan had said his government would not consider news investments, casting doubt on the $16 billion plan.