Transport authority to develop 55 major infrastructure projects in 2016
The Roads and Transport Authority of Dubai has announced that it has been allotted an annual budget of AED7.609 billion ($2.07bn), and that it plans to complete 55 major infrastructure projects in 2016.
Of the total budget, AED3.913bn ($1.06bn) has been allocated for operations, while anticipated revenues stand at AED7.5bn, a 14% increase on last year.
Mattar Al Tayer, director general and chairman of the Board of Executive Directors of the RTA, said that the major developments this year include 12 new road projects.
Projects include the Latifa Bint Hamdan Road widening project, the improvement of the Seventh Interchange on Shaikh Zayed Road, and phase two of the Seih Assalam Road Project.
Other projects due for completion in 2016 include the Dubai Water Canal, Union Museum, Wafi Interchange, Umm Al Sheif and Latifa Bint Hamdan Roads Junction, the improvement of Dubai International Airport junctions and the Al Shindagha hub project.
“The approved infrastructure projects budget is estimated as Dh3.696 billion, which would be allocated for constructing 55 projects comprising 12 new road projects and 43 projects currently underway,” Al Tayer said.
“37% of the budget would be allocated to the Rail Agency, 31% to the Traffic and Roads Agency, 10% to Public Transport Agency, four percent to Licensing Agency, and 18% to supporting sectors at RTA.”