As reported by Global Construction Review, the new bridge cost €2.5 billion ($2.76 billion) to construct and is expected to generate €5.3 billion ($5.84 billion) in economic output, creating 118,000 jobs and €2.4 billion ($2.65 billion) in revenue. Named after an Ottoman naval victory during WWI, it is the first fixed crossing over the Dardanelles Strait and the sixth one across the Turkish Straits. The bridge is the centerpiece of a planned 321-kilometer-long (200-mile-long), $2.8 billion project to connect motorways in Thrace and Anatolia. 

The bridge was designed by Denmark-based Cowi and Pyunghwa Engineering Consultants of South Korea. Arup and Aas-Jakobsen worked on the project as Independent Design Verifier (IDV), with Turkey’s Tekfen and T-ingénierie of Switzerland serving as administrative consultants. The construction was carried out via a public-private partnership, formed in 2017, between a group of Turkish and South Korean companies, led by Daelim, SK, Limak, and Yapi Merkezi.