Tender for Kanal İstanbul to be held next year

TURKEY will hold a tender for the construction of a 45-kilometre shipping canal running parallel to the Bosphorus, President Recep Tayyip Erdoğan said on Thursday, despite a government freeze on new investments as it reins in spending.

“The Kanal İstanbul has been delayed too much. We will hold a tender for it in 2019 and start the process,” Mr Erdoğan told a meeting of his AK Party in Ankara.