The forest quality of the forests on Kanal Istanbul route is removed. In addition, tax exemptions are planned for the company that won the tender. Accordingly, any vehicle to be used in its construction will be exempt from SCT, VAT and customs duties.
Forest quality of the forest areas within the boundaries of the Kanal Istanbul project and the protection zone will be removed. According to the news of Habertürk, another area, twice the size of existing forests, will be registered as a forest. The regulation is planned to be enacted before the tender.
The project will be realized with the build-operate-transfer model. The waterway can be tendered as a whole, or it can be tendered by dividing it into sections. In case of separate tender, payments of the usage fee of the completed parts will start.
Tax Exemption for Tenderers
Tax exemptions are planned for the company that won the tender. Accordingly, all kinds of construction machinery, transportation vehicles and equipment to be used in its construction will be exempt from SCT, VAT and customs duties. SCT and VAT will not be charged from the fuel to be used. The income of the winning company from the income of the project will be exempted from corporate tax.
In addition, it was stated in the news that all the revenues to be obtained by the public in the project, which is expected to take 7 years and will generate 10 billion revenues in 181.5 years, will be collected in the “project” account to be created by the Ministry of Treasury and Finance. It is also among the shared information that these revenues will be used in Kanal Istanbul reimbursement until the public payments are completed.
'Its Construction Will Cost 100 Billion Liras'
Speaking at the promotion of the book prepared by Istanbul Metropolitan Municipality Can on Tuesday and containing scientific studies of 29 scientists on Kanal Istanbul, IMM Secretary General Can Akın Çağlar made the following evaluations:
If Kanal Istanbul is built, there will be thirst, the risk of earthquakes will be triggered, and the nature of Istanbul will be irreversibly destroyed. In addition, the project, which will cost 100 billion liras, will bring an additional tax burden to 82 million.
The impact of traffic, the excavation that will emerge correspond to the 50-year excavation of Istanbul, 1 million 200 thousand population movements may occur, 8 million population will be imprisoned on an island after the division, and the legal status of the Straits will be uncertain with the Montreux Treaty and the fishermen in the Black Sea will encounter problems also need to be considered. (Yesilgazet to)