Istanbul is the only country in the world that shares two continents: Asia and Europe. Istanbul is known as the capital of the world due to; its infrastructure, tourist attraction, and a preferred investment destination for other countries. Thus, there are many important projects for developing the infrastructure in Istanbul.
Important Projects for Developing the Infrastructure in Istanbul
Istanbul boasts a miraculous amount of historical and geographical wealth and enjoys lion’s share of infrastructure projects headed by the Turkish government. These projects will change Istanbul for good, and make it the hub of economic and business ventures. Let’s check the most important projects for the development of the infrastructure in Istanbul.
Top Projects That Changed The Face of The Infrastructure in Istanbul are:
This is a tunnel that connects Asia and Europe, and it’s one of the largest projects the Turkish government has undertaken. This tunnel runs under the Sea of Marmara and it reduces the travel time from 90-100 minutes to merely 15-20 minutes. To increase the capacity, the government is expanding the tunnel access roads. Which eases the traffic in this massive city. This is one of the greatest investments made to the infrastructure in Istanbul.
The Bridge of Yavuz Sultan Selim
The launch of the third bridge in Istanbul has made the commute between Asia and Istanbul easier, and it reduces the traffic between the two sections. The Eurasia tunnel will greatly benefit from this as this bridge is good for the daily commute, but big trucks can also run on it, which will strengthen the business relationship between Asia and Istanbul. This is one of the greatest investments made to the infrastructure in Istanbul.
The Third Airport: Istanbul Grand Airport
Istanbul Grand Airport is one of the largest airports globally, with a capacity of passengers which will be around 150 million, and a huge and vast international airport spanned to 6750 hectares. It will contain; 165 passenger bridges, 3 observation towers, 6 independent runways, 16 motorways connected to the third airport, and the northern Marmara road connected to the city of Izmir. This is one of the greatest investments made to the infrastructure in Istanbul.
Istanbul International Finance Center
Istanbul New International Financial District is designing a financial building and implementing changes in an area of 170 acres at Atasehir, the Asian side of Turkey. This center will bring Turkey into the top 10 financial hubs of the world. It will house the country’s dominant financial market and state-owned banks. This is one of the greatest investments made to the infrastructure in Istanbul.
The next infrastructure projects in Istanbul are quite fascinating and will take it on the path of becoming the capital of the world.
If you have an investment project in Istanbul, our expert legal team in Turkey can help you with all of your legal affairs.
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