The announcement of this project did not come as a surprise at all. Those who are familiar with Turkish politics are well aware that the 20-year-old Justice and Development Party (AKP) relies most on the construction sector of the economy, and if the Central Bank’s foreign exchange reserves and Treasury gold can run out, there will be no shortage of land to sell.Despite the project for laying a second canal parallel to the Bosporus was put on the...

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