Turkey is planning to build a 45 kilometer long canal across Istanbul, uniting the Mediterranean and Black Seas. The project, which would divert traffic away from the highly congested Bosphorus Strait, would cost $20 billion dollars, generating massive revenues while establishing new ports and transforming western Istanbul into an island. In addition, it would bypass the Montreux Convention, allowing NATO naval vessels access into the Black Sea, infuriating Russia.

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