Turkey’s banks shy away from Erdogan’s ‘crazy’ canal

Some of Turkey’s biggest banks are reluctant to finance President Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction project, four senior bankers told Reuters. Two of the sources said a global sustainability pact that six of Turkey’s top banks have signed was a barrier to funding the Kanal Istanbul, which Erdogan dubbed his “crazy project” when he floated it a decade ago. The government expects to break ground in June on the canal, which would connect the Black Sea to the north with the Marmara Sea to the south, running 45 km (28 miles) through marshland, farms and towns on the western edge of the city. Erdo

Hence then, the article about turkey s banks shy away from erdogan s crazy canal sources was published today ( Tuesday 27/04/2021 - 04:49 PM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources )

Last updated : 27 April 2021 clock 04:49 PM

Also on site :

Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources ...Egypt

15 TV Shows To Watch If You Like Silo

Northeastern University president’s compensation exceeds $3 million, records show

India vs Lebanon Live Updates, FIBA Basketball World Cup 2027 Asian Qualifiers

"Look at Rajat Patidar": Irfan Pathan urges Ajit Agarkar to pick Rajat Patidar in India's T20I squad

Burgum defends white nationalist group’s Independence Day march, citing First Amendment

Kiev refuses to take back bodies of soldiers killed in Donbass stronghold – MoD

Shooting at July Fourth cookout near Coney Island beach leaves 8 wounded, including 4 kids

What channel is Brazil v Norway World Cup 2026 round of 16 match on? TV coverage, live stream and kick-off time

Brewers Expected To Place Brandon Woodruff On 15-Day Injured List

Will Neymar play tonight for Brazil vs Norway FIFA World Cup 2026 Round of 16?

On This Day in 1978, the Manufacturing of This Famous Rock Album Is Halted Due to Celebrities Featured on the Cover

A new law in California will clarify 'sell by' dates to reduce food waste

Newlywed woman dies after fall from third floor in Delhi; family alleges dowry harassment, murder

Ellyse Perry achives rare milestone in T20 World Cup final; join hands with former teammate

Children, NYPD Officer Among Victims in July 4 Shootings