Channel Istanbul feasibility studies for the start of the transportation Minister Yıldırım, according to the cost of the 4 to 10 billion pounds will be changed between the announced. To complete the target project in minimum 4, maximum 8 years.
Transport Minister Binali Yildirim, the “crazy project” gave a date for the ships to float in Kanal Istanbul. Explaining that the channel's feasibility studies will be completed next year, Yıldırım answered the questions of journalists regarding mega projects and gave the following information:
COST 4-10 BILLION $
No project is allowed. We make feasibility and route studies and geological surveys about Kanal Istanbul. These studies take two years. At the end of two years, the tender for the build-operate of the project is opened. This tender process also takes months to 6. The completion of the project is a minimum of 4 and a maximum of 8 years. The cost can be between 4 and 10 billion dollars. Because this cost will be determined according to the route.
Source : http://www.sabah.com.tr