1915 Çanakkale Bridge invigorates city's economy

DAILY SABAH
ISTANBUL
Published 14.04.2017 19:44

Although the 1915 Çanakkale Bridge is still in the project phase, there is already economic mobility in and around the city of Çanakkale as investment plans and projects by big corporations that came to the city a year before the project began have started to actualize, Çanakkale Chamber of Commerce and Industry (ÇTSO) Chairman Bülent Engin told Dünya daily.

Indicating that Çanakkale will become Turkey's most popular city with the 1915 Çanakkale Bridge, the world's longest suspension bridge planned to cross the Dardanelles Strait by 2023, Engin said that the city, which does not get a sufficient share of the country's tourism, will experience mobility in the tourism sector with the ease of transportation.

Moreover, stating that Çanakkale will be an important transportation point connecting Europe and Asia, Engin said the bridge will enable the region to gain momentum in the field of industry and commerce. "We will quickly witness an increase in employment alongside the increase in investment projects. We will see that the things we have mentioned above will get quickly realized once the bridge starts its operations. We foresee that local and foreign tourism investments will take place in this region and that they will grow," Engin added.

Turks, South Koreans to build the bridge

Turkey's highway authority has received bids from four international consortiums to build, operate and maintain a new TL 10 billion ($2.7 billion) suspension bridge over the Dardanelles Strait, the authority announced previously. A Turkish and South Korean consortium, including Turkish companies Limak and Yapı Merkezi and Korean companies Daelim and SK, made commitments to the shortest term: five and a half years to build and almost 11 years to operate after construction. The consortium bid TL 10.3 billion for the project.

Turkey has been working to build mega infrastructure projects across the country to boost economic growth, including Istanbul New Airport, the city's third airport, which will have a capacity of up to 200 million passengers annually. In 2015, Turkey raised the bar with seven completed projects that totaled a record $44.7 billion, according to the World Bank Group.

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