🤔Why Turkey Is Building A $15 Billion Canal? CONTEXT: Turkey is investing $15 billion to build the Istanbul Canal, a 45-kilometer artificial waterway running parallel to the Bosphorus Strait. Istanbul already hosts one of the busiest shipping lanes in the world, where more than 41,000 ships, including thousands of oil tankers, pass every year. But because of the Montreux Convention of 1936, Turkey earns almost nothing from this massive traffic. The new canal will bypass those restrictions, lett