Erdogan says Turkey will hold Kanal Istanbul tender next year

Reuters
Earlier this year, Erdogan had said his government would not consider news investments, casting doubt on the $16 billion plan. (File/Reuters)
  • “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.

Topics: Turkey