World Bulletin / News Desk
After the completion of the Marmaray tunnel which runs under Istanbul’s Bosphorus Sea passage between the Asian and European halves of the city, another as yet unfulfilled dream of the late 19th century Ottoman sultan Abdulhamid II looks set to finally become reality.
The foundations of the Filyos Valley Project in Turkey’s Black Sea region will be laid in 2014. The project includes a new sea port which will have a 25 million ton capacity and will create around 30,000 jobs. It will also ease the congestion at Istanbul’s sea port.
Russia, Ukraine and Romania are among many countries that are expected to increase their sea trade with Turkey once the port is complete.
16 firms, 4 of whom are foreign, are investing in the project in the Caycuma district of the Zonguldak province.
The planned port is based on the operate-transfer model, and has been allocated 1 million square meters. Other facilities including shipyards, steel mills, power plants, cement plants and furniture factories will also be part of the project.Last Mod: 30 Kasım 2013, 13:37