3 Mega Projects to Transfer Turkey to 3 Top Glob Economies
In attempt to make Turkey one of the world's top 10 economies, the construction and development process continues in the homeland of history and civilization. Hereafter, invest in istanbul ,we demonstrates in some depth top ten mega-projects among many future projects in Turkey.
The Project's Economic Objectives
Turkey is seeking to be the Middle East basket, whose imports are valued at more than 100 billion in the year 2023. It seeks to raise the share of its food products from its total exports to the Arab countries,
It will provide 17 power plants to cover the equivalent of 50% of the total energy produced by Turkey,
Opening outlets to market the Turkish technical and technological expertise, especially in the field of water, irrigation and land reclamation, and thus to enter the regional markets for the implementation of water and agricultural projects,
Turkey expects that the GAP project will contribute to raising the national income rate by 7%, lowering the inflation rate to about 14%
Provide job opportunities for 3 million individuals, mostly for Kurdish villagers, unemployed,
Transferring southeast Anatolia to a tourist attraction and thus opening another source of revenue to increase Turkish national income.
“ Tanab” Project
The Trans-Anatolian Natural Gas Pipeline (TNAP) project, which will transport Azerbaijani gas to Turkey, is set to begin operation on June 30 after the project is completed by 93.5 percent, while the rest of the lines are still on track.
"The Tanab project is the most important part of the Southern Gas Corridor project, which is a joint project between the two countries, The European Commission to transfer gas from the Shah Deniz field in Azerbaijan across the Caspian Sea to European markets to reduce the dependence of the continent on Russian gas.
With the completion of the final phase of the "Southern Gas Corridor" project, the completion of the Adriatic gas pipeline project "TAP" has become guaranteed. The first part of the Tanab project has been completed almost completely, and the first phase, which will connect the pipeline to the European, was completed by 80.7%. The commercial gas transfer operation was also launched on June 30. As part of the testing process, the first pressure operation was carried out on January 30, so part of the gas pipeline that runs to Eskisehir is now filled with gas.
During the most effective construction period, the Tanab project has provided employment for 13,000 people, 7,000 of whom are still engaged in construction work. The construction of the Tanab gas transmission project also led to some interesting discoveries. Nine new insect species, one new plant species and 154 archaeological sites were discovered during construction.
Tanab's initial cost was estimated at $ 11.7 billion, but some successful procurement, project management and financial management reduced the cost to $ 7.99 billion. Project partners received $ 3.75 billion in loans from international finance companies. On the other hand, the EU provided $ 10.2 million . The pipes used in the project were secured by 6 Turkish companies. About 80% of the pipes used in the project were purchased from Turkish companies while only 20% were imported from China.
The Tanab project does not include any underground storage facilities and can only store entry and exit points.
The Tanab gas pipeline project, will increase Turkey's strategic importance in the region by opening an energy corridor to meet the needs of European and Middle Eastern markets.
Tanab is one of the most tangible projects to be achieved in order to ensure the security of energy supplies in Turkey and its ability to meet the growing demand for energy continuously in the future. Over time, other potential suppliers in Central Asia, the Middle East and the Eastern Mediterranean will be able to access the market through this new portal.
In addition, the project has provided jobs for more than 15,000 people directly or indirectly involved in construction, pipe support and manufacturing services as well as a range of other related sectors.
The pilot operation of the Tanab natural gas pipeline began on 1 January and continued until the end of June 2018, so that the gas would flow to Turkey for direct commercial purposes. Tanab is scheduled to transport around 16 billion cubic meters of Azeri gas (10 billion cubic meters to Europe and 6 billion cubic meters to Turkey).
The share of the Tanab project partners is between the South Azeri gas corridor by 58 percent and the British Petroleum by 12 percent, while Turkey's Butash share is 30 percent.
Tanab's general manager explained that the pipeline would initially provide 2 billion cubic meters of natural gas, before gradually reaching 6 billion cubic meters by the end of June 2021.
"Sinop" Nuclear Plant
Nuclear powers will play a key role in Turkey's energy strategy in the future as the country moves towards energy security, while also addressing the challenge of reducing emissions that contribute to climate change. Although demand for electricity in Turkey's fast growing economy, is growing annually by more than 5%, the country is still dependent on hydroelectric resources to meet 73% of its current energy needs. Turkey's new nuclear power program aims to provide at least 10 % of the country's energy needs by 2023, according to the Directorate General of the Energy Department of the Ministry of Energy and Natural Resources of the Republic of Turkey.
As part of this ambitious program, the nuclear power plant in the northern region of Inghaburun, which is planned to be established in the Black Sea province of Sinop, will be the most important source of energy to be built, on the Mediterranean. The two reactors are expected to cost $ 42 billion.
The request for environmental impact assessment of the Sinop nuclear power station, which will be in partnership between France and Japan, has been submitted. The first stage evaluation of Turkey's second nuclear power plant project was presented to the Ministry of Environment and Urban Planning.
The project will be studied by the Ministry of Environment and Urban Planning in terms of compliance with the general form of the EIA. Following the decision to comply with the project file, the Ministry of Environment and Urban Planning will establish an EIA. The views will be taken at the meeting that will be convened after the establishment of the Committee, and a special format will be prepared for the investor for the EIA report.
The environmental impact assessment report will be prepared appropriately by the company. After the completion of the first phase of the period of the Ministry of Environment and Urban Planning to take a positive decision on the nuclear power plant "Sinop" after the evaluation period, will start the nuclear power project Sinop after the building permits given by the Atomic Energy Commission in Turkey.
An intergovernmental agreement was signed on May 3, 2013 on the construction of a nuclear power plant in Sinop with Japan. The first unit of the Sinop nuclear power plant is expected to be completed in 2023, the second unit in 2024, the third unit in 2027 and the fourth unit in 2028.
South-East Anatolia Project
The project is one of the largest ambitious projects and is described as one of the nine largest projects in the world. The project, called "GAP" - a shortened version of the Turkish name - is the most important development project in Turkey, in the southeastern Anatolia Plateau, a poor plateau of 74,000 km2, representing 10% of the total area of Turkey, traversed by the Tigris and Euphrates, and runs along the southeastern parts of Turkey with Syria and Iraq. It covers all the lands of Orfa and Mardin, as well as large sections of other provinces in the region such as Ghazi Entebbe, Wadi Maban, "Diyarbakir" and others.
The project includes 13 major projects, including 7 projects within the Euphrates River Basin and 6 projects within the Tigris River, including the construction of 22 dams with 17 hydroelectric plants and irrigating 1633 million hectares of agricultural land with 20 billion cubic meters of water per year. The total production capacity of the hydroelectric plants is estimated at 7560 MW and the water storage capacity is more than 128 cubic kilometers of water, and the total cost of the project is 32 billion US dollars.