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Erdogan says Turkey will hold Kanal Istanbul tender next year

  • Thu, 06 Dec 2018 20:53
Author: 
Reuters
ID: 
1544087685033828900
Thu, 2018-12-06 09:11

ANKARA: Turkey will hold a tender for the construction of a 45-km shipping canal running parallel to the Bosphorus, President Tayyip Erdogan said on Thursday, despite a government freeze on new investments as it reins in spending.
“The Kanal Istanbul has been delayed too much. We will hold a tender for it in 2019 and start the process,” Erdogan told a meeting of his AK Party in Ankara.
Earlier this year, Erdogan had said his government would not consider news investments, casting doubt on the $ 16 billion plan.

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