The Kanal Istanbul is a shipping route that is being constructed parallel to the Bosphorus Strait. The objective of this ambitious project is to create a new route through Istanbul connecting the Black Sea and the Sea of Marmara. The first phase of the project commenced in June this year.
The cost of the canal is estimated to be 15 billion USD. It construction process will last for 6 years. The waterway will be 45 km long and 21 m deep. The project is being criticized as it can be used by Turkey to circumvent the Montreux Convention Â– the international treaty that governs the Bosphorus Strait.