Think Tank Analyst
- Sep 9, 2020
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Shows what an idiot idea the canal project is. Will be a way to leech out Turkey by foreign investors
You are just grossly looking at numbers. Delivery times of goods have increased their importance. People can not afford to wait long for deliveries.We also should consider the main fact that Qatar family and surprise also Albayrak family invested in properties where the canal should be build.
2007 - 2018 (11 years) drops about nearly 30%
2020 - 2050 (30 years) increase of 100% expected and yeah totally not a$$ pulled growth numbers.
I would care less if the Turks have to pay for Bulgarians getting their goods on time.You are just grossly looking at numbers. Delivery times of goods have increased their importance. People can not afford to wait long for deliveries.
I would care less if the Turks have to pay for Bulgarians getting their goods on time.
If they make the deals without state "passage guarantees" I could a bit agree, but I know that it will be with state passage guarantees and Turkey will be leeched and bleed for the next 80 years or so
Sorry but I have not heard a bigger BS than this lately.Turkish hegemony on Turkish land. We held the land but we underutilized it like we didn't own it.
Did Corona somehow affected the construction sector positive only the other negative? Please enlight us which chance of lower cost?The world economy is doing bad now and we have a good chance to build the canal at a lower cost.
We won't have to make concessions to make it happen. It will cost around $10bn and it has a chance to pay it off in a few years. It is economically very profitable and politically very beneficial. If it were in other nations they would have done it decades ago. We had to build many other projects until the priority came for the canal. This will be a crown jewel for the Turkish economy and Turkish hegemony.
Long live Türkiye !
That's because you overlook the realities and can not wrap your head around the fact that Turks have been miserable guardians of a homeland full of natural resources. Making Canal Istanbul is another means that will make good use of geographic advantages and will bring riches to the nation. We have only recently started making use of our natural resources which means we have started to become the hegemons of our land.Sorry but I have not heard a bigger BS than this lately.
So we get hegemony of our own lands? I have heard a lot of BS arguments for the Canal project but this one is in top 3 most funny ones
You worry about yourself, a waterway is a natural resource.What has natural resources to do with a canal.
So the Netherlands filled the whole country with canals to get hegemony and use natural resources? Do you believe yourself with what you are saying, I am worried about you
There are billions of dollars of income the Canal Istanbul has to offer Turkey every year.
You can question every investment made with that same argument, like the Istanbul Airport.How? And for whom?
Firstly there is a free passage, called Bosphorus
Secondly suppose there are captains willing to pay for a canal passage while there is a free open door next to it, who will get that money? Turkey or the investors?
Thirdly like with all investments before (investors demanding a minimum passage guarantee or else the state to pay for all the non passages) what will be the gain for Turkey? That Bulgaria and Romania receive their goods a few hours earlier?
You are talking about non existing billions of dolars of income, the number of ships passing are declining each year (so state guarantee would also have to pay each year more to these investor leeches)
If it is so lucrative let investors invest without state guarantee on passages, they won't you know that too!
You can question every investment made with that same argument, like the Istanbul Airport.
That free passage called the Bosporus is a free flow of water with lots of dangers for the ships and the city. These dangers can be reflected in to precautions taken which can slow down the traffic causing delays. A longer separation of ship movements can be enforced for example.
Ships normally wait for 14-30 (?) hours for passage. Every minute of wait costs money to the shipper. In which case instead of waiting they would rather pay a fee to take the highway which is the Canal Istanbul.
Ships which will be loaded with goods at the east end of Black Sea can be shipped through the passages to the Mediterranean and beyond.
Stop looking at investors like they are monsters, they only hold the projects for a limited time. And nobody will give much profit to them. Agreements can be made to spread the lease over a long time with no guaranties made or can be for shorter times with guaranties. Canal Istanbul is not and urgency project and it can be made for longer periods.
It depends on what the investor want. If they are OK to hold the lease for a longer time and get the money from the Canal alone then no guaranties is an option. If there is a lack of investor interest in the project then the investors may want the return on investment in a shorter time in which case you need to take part of the risk and guaranties some revenue. At the end the profit will be commensurate with the risk they are taking.The contrary is true with bridge and highway investments in which the state pays for all the guaranteed passages. In which way will the canal be different, will the state not give passage guarantees? Answer that last one please.