Dubai's RTA plans US$985 million project spend in 2014

Dubai's transport authority has approved a budget of just over US$1.9 billion for this year, with more than half allocated to new projects. Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority (RTA) said around a third of the budget will be allocated to the Traffic and Roads Agency, a third to the Rail Agency, 13 per cent to the Public Transport Agency, and 17 per cent to be shared between the Licensing Agency, Administrative Support Services Sector, and Technical Support
February 10, 2014 Read time: 2 mins
Dubai's transport authority has approved a budget of just over US$1.9 billion for this year, with more than half allocated to new projects.

Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority (RTA) said around a third of the budget will be allocated to the Traffic and Roads Agency, a third to the Rail Agency, 13 per cent to the Public Transport Agency, and 17 per cent to be shared between the Licensing Agency, Administrative Support Services Sector, and Technical Support Services Sector, and one per cent to other agencies.

The approved projects budget is estimated as US$985 million which will be allocated for constructing around 99 projects; comprising 50 new projects to be undertaken in roads, marine transport and public transport sector, and 49 projects currently underway. Among the projects to be completed in 2014 will be the Dubai Tram, which is expected to be opened in November this year, and by the end of the year, the RTA plans to award a contract for constructing the twelve-lane Etihad Bridge, which will replace the existing floating bridge.

Related Content

  • UK Government funds cleaner, greener bus journeys
    July 26, 2016
    The UK Government has made US$39 million (£30 million) of funding available to bus operators and local authorities in England, enabling them to buy low emission buses and install chargepoints and other infrastructure. In total, the 13 successful bidders will be able to add 326 buses, including electric, hybrid, hydrogen and biomethane buses, to their fleets, and install more than US$9 million (£7 million) worth of infrastructure. Among the winners is Sheffield City Region, which has been awarded US$1.7 m
    Read More
  • US NOCoE to host first TSMO awards ceremony
    August 31, 2018
    The US National Operations Center of Excellence (NOCoE) will celebrate transportation management and operations which save lives, time and money in Washington, DC, next January. The first Transportation Systems Management and Operations (TSMO) awards ceremony is expected to attract 13,000 transportation professionals. Patrick Son, managing director of NOCoE, says the event will recognise smarter management and operational strategies to increase the capacity of existing streets. The event will take place
    Read More
  • Rosa Rountree calls for clarity and consistency
    December 16, 2015
    Rosa Rountree campaigns for accurate and consistent figures for the tendering of tolling concessions. If there is one thing about which Rosa Rountree is passionate, it’s numbers. That’s not surprising for a graduate accountant, but it is not only the quarterly accounts that concern the CEO and president of Egis Projects USA.
    Read More
  • ITS projects deliver return on investment
    December 3, 2012
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More

Highlighted Content