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The Marmaray Project - Dispute Resolution Board Foundation

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<strong>The</strong> <strong>Marmaray</strong> <strong>Project</strong><br />

<strong>The</strong> Objectives of the <strong>Project</strong><br />

Provide a direct railway connection between Europe and Asia with bi-<br />

directional and uninterrupted transportation for passengers and freight,<br />

Increase capacity, reliability, accessibility and safety on the commuter<br />

rail services,<br />

Reduce travel time and increase comfort for passengers,<br />

Reduce air pollution and improve the air quality of Istanbul,<br />

Reduce air-borne traffic noise in the city.<br />

While achieving these objectives,<br />

Stay on or below the budget and Stay on or above the income<br />

estimates,<br />

Open for commercial operation as prescribed in the contract<br />

documents,<br />

Complete the <strong>Project</strong> to the required quality,<br />

Meet all fitness for purpose, performance and minimum criteria as a<br />

described in the contract documents for all Contracts.

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