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The procurement of new rolling stock for suburban passenger traffic is also part of the project.

Marmaray is the fourth underground system in Istanbul after Tünel Funicular, Metro and Kabataş–Taksim funicular and highly integrated with Metro lines.

The predicted travel time from Gebze to Halkalı is 104 minutes.

Completion of the entire project had been repeatedly delayed.

) is a partially operational rail transportation project in the Turkish city of Istanbul.

It comprises a rail tunnel under the Bosphorus strait, and the modernization of existing suburban railway lines along the Sea of Marmara from Halkalı on the European side to Gebze on the Asian side.

"Either way, it promises to be a big night for markets even if implied volatility is still quite subdued and options markets are not pricing in fireworks." EUROPE: The European Central Bank and the Bank of England will have policy announcements on Thursday. crude rose 41 cents to .55 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, advanced 61 cents to .95 in London. It was scheduled to be completed at the same time as the first phase (tunnels and underground parts), but little progress has been made on this and it is still incomplete.A third line will be added which will provide the electric multiple unit (EMU) cars and other rail cars the ability to move separately.WALL STREET: Big-name companies gained, delivering records for two of the major stock indexes.Banks and other financial stocks led the gainers as the Fed met to discuss interest rates. Energy stocks also fell as crude oil prices closed lower.

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