Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/256704 
Authors: 
Year of Publication: 
2021
Series/Report no.: 
SWP Comment No. 43/2021
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
On June 26, the Turkish government began constructing the first bridge over Canal Istanbul, the huge waterway project designed to run parallel to the Bosporus Strait. Ankara has presented the megaproject as a strategic move that will turn Turkey into a logistics base and grant it geopolitical leverage over both regional and international trade and transportation routes. However, Turkey's political opposition considers Canal Istanbul to be a rent-seeking project designed to attract international - prob­ably Chinese and Arab - investment in the hope of reviving Turkey's deteriorating economy. The Canal may also affect the Montreux Convention, the decades old treaty that governs the Turkish Straits. Given the rivalry between the US and Russia, questions around the Montreux Convention will add another point of contention, increase tensions and may also present serious consequences for Turkey.
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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