Türkiye hikes up passage fees through its straits almost fivefold

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Türkiye hikes up passage fees through its straits almost fivefold

STORY: Türkiye hikes up passage fees through its straits almost fivefold DATELINE: Aug. 30, 2022 LENGTH: 00:01:51 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Bosphorus in Türkiye 2. various of dry cargo ships passing through the Bosphorus in Türkiye 3. various of cargo ships moored in Istanbul, Türkiye 4. various of cargo ships advancing from the Black Sea towards the Bosphorus in Türkiye STORYLINE: Türkiye introduced a nearly fivefold hike in fees for passage through its straits, which connect the Mediterranean and the Black Sea, local media reported on Monday. Citing officials from the Ministry of Transport and Infrastructure, the daily Sabah stated that the new passage toll will be effective on Oct. 7. The passage fee increased from around 0.8 U.S. dollars to 4 dollars per tonne, it added, noting that annual revenues are expected to rise to 200 million dollars, compared to the current 40 million generated from some 40,000 passages per year. Following the rights provided b

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