According to an announcement by the İETT general directorate about its 2008 annual report, which was approved by the Istanbul Metropolitan Municipality Council, the company’s determined budget of 2 billion liras was 95 percent substantiated.
Capital expenses accounted for 47 percent, employee expenses 29 percent, and products and services purchased 27 percent of the budget, of which 350 million liras were perquisite.
The İETT allocated 85 percent of its 807 million liras in capital expenses to the railway system, on which a total of 856 million liras were invested.
According to the annual report, the construction of the Edirnekapı-Topkapı light railway system, which connects the Sultançiftliği-Edirnekapı line to Topkapı, is complete and the subway construction on the Otogar-İkitelli-Başakşehir-Olimpiyat Village line is mostly finished.
The company purchased 100 "Mercedes Capacity" buses and 15 Phileas-brand rubber-tire trams, and plans to buy at least 25 more vehicles for various public-transportation purposes this year.
The metrobus line, which runs in a dedicated lane, separate from the rest of the traffic, is expected to extend from the Beylikdüzü neighborhood on Istanbul’s European side to the Harem neighborhood on the Asian side. The metrobus currently runs between Avcılar to Söğütlüçeşme.