Eurasia tunnel which will connect Asia and Europe sides to each other in Istanbul and reduce traveling time up to 15 minutes to be inaugurated on 20th December 2016.
The works in Eurasia Tunnel have come to final stage that will plunge range from 100 minutes to 15 minutes. The tunnel which will connect Asia and Europe on the sea bottom to each other through a highway will be inaugurated on 20 December. Expected to light traffic congestion the tunnel project has raised the sale prices of houses and rental houses. In Eurasia Tunnel which is connecting Asian and European sides to each other under the sea the final stage is approaching. The tunnel which will reduce traveling time up to 15 minutes will be inaugurated on 20th December. The tunnel project has provided value increase in the real estate price of its surrounding locations as in other infrastructure projects. The effect of the tunnel to property prices is seen in the locations of Acıbadem, Kosuyolu, Unalan and Kadikoy in Asian side, as for the European side in the locations of Fatih, Yenikapı, Yedikule and Zeytinburnu. According to a survey, rental house price has increased 25 percent, as for the sales prices 41 percent only within one year. When currently continuing highway development works will be completed, the lane number will rise by 8 units and will transform to an advantageous condition due to decreasing traffic congestion. The Directorate General of the Turkish Ministry of Transport, Maritime and Communication has assigned Avrasya Tunnel Operation Construction and Investment Inc. (ATAS) for project design, construction and operation for 24 years 5 months. Once operation period of the tunnel regrading being constructed with ‘build-operate-transfer’ system will be completed to be handed over to the public sector. In the first three years, the number of 90 thousand-vehicle/day is expected to cross through the tunnel. After 3 years, the number of 130 thousand vehicles is foreseen to cross through the tunnel. Only automobiles and minibuses will use the tunnel. Heavy vehicles, motorbike, bicycles and pedestrians will not pass through the tunnel. The passage fee for automobiles will be $4 + VAT; for minibuses $6+VAT. Payment will be made for both sides. The total length of the tunnel 14,5 kilometers, of these 5,4 kilometers were built undersea base. The tunnel project consists of double-storey with two lanes, costing $1 billion 245 million. The deepest part of the tunnel is 106 meters; the Eurasia tunnel consists of three parts.
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