Cyprus-Forum.com

[repulsewarrior]

The Bosporus is controlled by Convention. An Istanbul Canal would be Turkey's to control.

...with it she (read: Erdogan) hopes to make the Black Sea a "Turkish" pond, rather than the Russian one it is today.

...9 Billion? I would imagine that, to be a very small number compared to what the actual cost will be.

[Kikapu]

it seems there are seveal other reasons why he is building the canal outside of his selfish interest.

Istanbul Canal aims to minimise shipping traffic in the Bosporus. It is projected to have a capacity of 160 vessel transits a day – similar to the current volume of traffic through the Bosporus, where traffic congestion leaves ships queuing for days off to transit the strait.

Some analysts have speculated the main reason for the construction of the canal was to bypass the Montreux Convention, which limits the number and tonnage of ships from non-Black Sea powers that could enter the sea via the Bosporus.

In January 2018, Turkish Prime Minister Binali Yıldırım announced that Istanbul Canal would not be subject to the Montreux Convention.

No, the Canal Istanbul will not be subject to Montreux Convention which means it will be used to generate income much like Suez and Panama Canals. The only problem is, whilst there are no alternative shortcut routes around Suez and Panama canals, there is a free passage on the Bosporus Straits, so what is the point building it? Well, it has more to do with developing both banks of the canal where rich Arabs have already bought great deal of real state with kickbacks no doubt to Erdogan and gang, but that won’t be enough as Erdogan wants to hamper the free passage through the Bosporus Straits anyway possible so to charge for the use of the canal instead, therefore I expect there to be serious increase in “accidents” to block the straits to that the canal is used instead for a fee. I get there are delays now to go through the strait, but the same is also the case at the Suez and Panama Canal. We had to wait about 4 days to transit the Panama Canal on my sailboat to get to the Pacific side, which took 2 days to go through it. It is normal to wait.

If the ground water gets mixed with salt water by building the canal, then Istanbul would become a very thirsty city for generations to come.

[Lordo]

Istanbul people do not drink the ground water under the city. Nearly all of Istanbul's drinking water (97%) comes from surface water collected in reservoirs and Its other important water sources are the Omerli-Darlik system on the Asian side.

[-mikkie2-]

Whilst the Turkish economy sinks, the crazy leader of Turkey still wants to spend billions of dollars to pursue his megalomanic dreams. At what point will the Turkish people start seeing through his BS?

[repulsewarrior]

Erdogan may have a surprise for us. Don't forget that Turkey's Centennial is only two years away. It would be very good for his Legacy if he brings about Turkey's Constitutional reform, along with peace, for all his neighbours, by then.

...and all this is possible, with a small change of intention, for the Turkish People rather than "Turkishness"; recognising a Cyprus exists, a State no different to Turkey, that, in that regard both having Constituencies that exist within them.

It is not that hard to imagine him turning on a dime; the man is full of surprises.

...i am hopeful.

[erolz66]

https://www.scmp.com/comment/opinion/ar ... ed-finance

[-mikkie2-]

Erdogan today is asking people to deposit their gold and money at the banks! Many people can't afford to buy the basic staples yet he expects people to give their hard earned money to the government. If this isn't a sign of desperation, I don't know what is. Turkey is on the ropes and I can't see how he is going to get out of this one. Capital controls will be next and when that fails he will be knocking at the door of the IMF. I do feel sorry for ordinary Turkish people that have to suffer this.

[Kikapu]

Erdogan today is asking people to deposit their gold and money at the banks! Many people can't afford to buy the basic staples yet he expects people to give their hard earned money to the government. If this isn't a sign of desperation, I don't know what is. Turkey is on the ropes and I can't see how he is going to get out of this one. Capital controls will be next and when that fails he will be knocking at the door of the IMF. I do feel sorry for ordinary Turkish people that have to suffer this.

As it’s not bad enough that many religious Turks deposit their money into Islamic banks where they receive zero interest because interest is seen as “haram money”, which is forbidden to gain money at the expense of others, however, the Islamic bank has no problem lending out the interest free money they receive to give to others at 19%, and now Erdogan wants their gold too, as well as all jewelry stores in Turkey, about 40,000 of them, to donate 500g of gold free to the government.

[Lordo]

it seems there are seveal other reasons why he is building the canal outside of his selfish interest.

Istanbul Canal aims to minimise shipping traffic in the Bosporus. It is projected to have a capacity of 160 vessel transits a day – similar to the current volume of traffic through the Bosporus, where traffic congestion leaves ships queuing for days off to transit the strait.

Some analysts have speculated the main reason for the construction of the canal was to bypass the Montreux Convention, which limits the number and tonnage of ships from non-Black Sea powers that could enter the sea via the Bosporus.

In January 2018, Turkish Prime Minister Binali Yıldırım announced that Istanbul Canal would not be subject to the Montreux Convention.

No, the Canal Istanbul will not be subject to Montreux Convention which means it will be used to generate income much like Suez and Panama Canals. The only problem is, whilst there are no alternative shortcut routes around Suez and Panama canals, there is a free passage on the Bosporus Straits, so what is the point building it? Well, it has more to do with developing both banks of the canal where rich Arabs have already bought great deal of real state with kickbacks no doubt to Erdogan and gang, but that won’t be enough as Erdogan wants to hamper the free passage through the Bosporus Straits anyway possible so to charge for the use of the canal instead, therefore I expect there to be serious increase in “accidents” to block the straits to that the canal is used instead for a fee. I get there are delays now to go through the strait, but the same is also the case at the Suez and Panama Canal. We had to wait about 4 days to transit the Panama Canal on my sailboat to get to the Pacific side, which took 2 days to go through it. It is normal to wait.

If the ground water gets mixed with salt water by building the canal, then Istanbul would become a very thirsty city for generations to come.

Free passage does not mean generating no income, it means they have the right to que up and use the streights they still have to pay fees. Or is the money generated peanuts. You are the sailor, you should understand this stuff better.

http://www.vda.org.tr/tariffs/agency-and-protecting-agency-service-fee/5

[Lordo]

Erdogan today is asking people to deposit their gold and money at the banks! Many people can't afford to buy the basic staples yet he expects people to give their hard earned money to the government. If this isn't a sign of desperation, I don't know what is. Turkey is on the ropes and I can't see how he is going to get out of this one. Capital controls will be next and when that fails he will be knocking at the door of the IMF. I do feel sorry for ordinary Turkish people that have to suffer this.

People who cannot afford to buy food have no gold. It is his rich muslim compatriots he is begging to sell their gold and give it to him as if it will make a blind bit of difference.