Construction of the Istanbul Canal is to start this summer,

said Turkish President Recep Tayyip Erdogan reported Anadolu Agency. Erdogan promised to have the canal open in time for the October 29, 2023 Centennial of the proclamation of the Turkish Republic. The 45 km canal is designed to carry 160 ships a day, the same volume that travels today through the Bosporus which passes through central Istanbul. Designed in part to handle dangerous cargo, the Istanbul Canal is expected to open the Black Sea to LNG cargoes from the Gulf.