The Kanal Istanbul project, which has been announced to be held on a continuous basis but has not been auctioned for a long time, now seems to be tied to the dollar rate!
All Canal Istanbul in Turkey closely followed by the expected date not announced a tender for the kinds of projects. In the project, which was announced by the Minister of Environment and Urbanization, Murat Kurum, to be shot in the "first digging in November of 2018", a tender date has not yet been announced when April 2019 is about to end.
Dollar Rises Dry, Tender Zora Has Entered!
The recent rise in the dollar exchange rate also raised the cost of the project. Previously, Transport and Infrastructure Minister Cahit Turhan Channel Istanbul cost was announced as 15 billion dollars. Rising dollar exchange rate means that the worsening with each passing day Turkey for that amount. When Turhan made this statement, the cost of the project was determined as 82,5 billion with the exchange rate of that day, while 19 cost to 87 billion with the exchange rate of XNUMX April!
Alan Ekrem İmamoğlu Doesn't Want Channel Istanbul Project
Ekrem İmamoğlu, who started to work as the Mayor of Istanbul Metropolitan Municipality, said that the reason for the current account deficits were mega projects. “This city has no such priority. There is no concept of needing this concept. Look, I'm doing research in Istanbul. In this city, nearly 40 thousand buildings have an earthquake risk and a refugee problem. Believe that this city is arbitrary, if we are talking about Kanal Istanbul, let's sit and discuss. Believe me, I find this issue to be a single minute of discussion.
Let's analyze this together. Let me tell you the scientific side of this topic. 3 and 4 billion cubic meters of excavation, with the excavation of the excavation where the projection is not certain projectors produce results.
They say 'Let's make 3 islands in the mouth of Küçükçekmece and the mouth of Lake Büyükçekmece in front of Avcılar.' These are in the project. Where are these islands right on top of the earthquake line belt. This city does not need such a capsule, such trauma, and I do not know. Let's talk about the technical details but it's time and not right.
If a country makes the wrong investment at the wrong time, it will have great problems. Like today. Many of the current account deficits arise from incorrect investments at the wrong time. Many problems arise in terms of cities. Look, this city should produce at least 50 - 55 kilometers of metro every year. They failed 3 in 1 of this. This is the subject, let's solve this. ”He expressed his opposition to the project.
Economist Özgür Demirtaş “Mega Projects Should Not Be Done To Reduce The Dollar”
arguing that Turkey's most widely followed economist Ozgur Demirtas place among the mega-project of the US dollar exchange rate had wanted to raise the suspension of this project.
Describing what should be done to lower the dollar Demirtas announced the following items:
1) CBRT should make a statement against the rumors of me interest rate cuts ı in the market.
2) While the Central Bank interest rate is 24, State Banks should not give cheap credit to the market.
3) Public waste of any kind should be avoided.
4) Mega projects should stop.
5) Bureaucrats, not politicians, should come forward.
6) Investors should be taken and talked to investors.
7) Words such as eler Most ”” Very Çok ”Biggest Büyük” Very Very Large “should not be used in front of the investor. (emlakxnumx)