Canal Istanbul: The greatest of all White Elephants


What is Canal Istanbul:  President Erdogan’s pet crazy project is a channel which will connect Black Sea to Marmara Sea


Why:  Because the alternative passageway, Bosporus Straits is overcrowded and too narrow.


Why is the massive resistance to the project:  It devastates the environment, as well as diverting much needed funds from the poor to pet projects.


Can it be constructed?  No, because it is not economically feasible.


What if it is constructed?  It can bankrupt the Treasury.


For more;


Subscribe our to channel​


Follow & read the latest Independent news from Turkey in English ►​


For sponsorship, ad and other business inquiries ► [email protected]



Did you like this video?


WATCH:  Clash of Civilizations Reformatting World Economy | Real Turkey


WATCH:  Middle Income Trap: Why few escape? | Real Turkey




Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and and has contributed to the financial daily Referans and the liberal daily Radikal.