Turkey to build $3.5bn tunnel project

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Turkey to build $3.5bn tunnel project

Turkey is set to build a 3 storey tunnel under Bosphorus Strait in Istanbul at an estimated cost of $3.5 billion the report said.

The 6.5-km-tunnel would provide a road and rail connection between the city’s two sides, cutting travel times to 14 minutes, reported The Construction Index.

Unveiling the project, Turkey’s prime minister Ahmet Davutoglu said the tunnel was the first-of-its-kind in the world.

It would take road and rail 110m under the Bosphorus Strait, with the road carriageways positioned above and below the railway, Davutoglu was quoted as saying in the report.

He said the Bosphorus Bridge, Fatih Sultan Mehmet Bridge and the Yavuz Sultan Selim Bridge – currently under construction – will be connected to each other once the tunnel project gets completed.

According to him, the tunnel will both reduce the traffic load on the bridges and maximise time savings.

It will also connect Istanbul’s three airports as well as the city’s main axes of nine rail systems with the land routes.

Davutoglu said the aim is to complete the overall project and put the tunnel into service within five years.

Source: Trade Arabia

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Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.