Construction

Dubai?s RTA approves AED 10 billion budget

Dubai Roads and Transport Authority (RTA) has approved an AED 10.741 billion budget for 2010, of which AED 7.9 billion has been allocated to capital and projects.

Dubai Roads and Transport Authority, Mattar Al Tayer

Dubai Roads and Transport Authority (RTA) has approved an AED 10.741 billion budget for 2010, of which AED 7.9 billion has been allocated to capital and projects.

“Total revenue forecast during 2010 amounts to AED 3.3 billion and the approved projects budget is estimated at AED 7.5 billion allocated for undertaking about 120 projects; 13 of which are new projects relating to roads, marine transport, public transport and operational building projects, and the remaining part will cover the completion of 107 projects underway,” said chairman of the board and executive director of RTA HE Mattar Al Tayer. He added that 46% of the budget will be allocated to Rail Agency, 29% to Roads and Traffic and Roads Agency, 13% to Public Transport Agency and the remaining 12% will be allocated to licensing, marine agencies and corporate services.

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