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Canal Istanbul: Turkey's controversial megaproject; its likely impacts on the Montreux Convention and regional stability

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Title: Canal Istanbul: Turkey's controversial megaproject; its likely impacts on the Montreux Convention and regional stability
Authors: Eldem, Tuba
Contributors: Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Source: SWP Comment
Publisher Information: DEU, 2021.
Publication Year: 2021
Subject Terms: Türkei, Bauvorhaben, Wiederaufbau, Brücke, Kritik an der Regierung, Missachtung, Internationale Vereinbarung, Geopolitische Faktoren, Geostrategische Lage, Energietransport, International relations, Internationale Beziehungen, internationale Beziehungen, Entwicklungspolitik, International Relations, International Politics, Foreign Affairs, Development Policy, ddc:327
Description: 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 geo-political 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. (author's abstract)
Document Type: Book
DOI: 10.18449/2021c43
Access URL: https://www.ssoar.info/ssoar/handle/document/76041
Accession Number: edsair.od......1272..d0e46bca252226d489c18bcdd284edb6
Database: OpenAIRE
Description
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 geo-political 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. (author's abstract)
DOI:10.18449/2021c43