H.E. Al Tayer with Mr Dong | Image Courtesy: RTA
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UAE’s Roads and Transport Authority (RTA) recently signed a Memorandum of Understanding (MoU) with the Seoul Metropolitan Rapid Transit Corporation (SMRT) to borrow from the latter’s expertise in the rail sector.
Signed by Mattar Al Tayer, chairman of the board and executive director of RTA, and H.E. Dong H Kim, vice chairman of the SMRT Corporation, the MoU will involve the cooperation between both parties across various facets of rail operation, such as commercial development, quality management and so on. Besides covering fares and ticketing policies, the MoU also includes asset and operations management and financial systems and sustainable revenues.
“The two parties share several common objectives and have the potential of exchanging best expertise in public transport field,” said Al Tayer.”The Republic of Korea has set out an amazing infrastructure model, especially in rail projects, rail maintenance and electronic systems, besides its rich knowhow in planning and scheduling bus trips. The MoU covers a host of fields relating to RTA’s transport business and is capable of uplifting the caliber of mass transit sector in Dubai.
“The RTA is seeking to upgrade the public transport sector in order to encourage the public to migrate from using private vehicles to mass transit modes,” he added.
The agreement ceremony was attended by RTA CEOs, directors and the Consul General of the Republic of Korea. The MoU is expected to enhance performance operations, simplify procedures and improve customer service for various participants in the UAE’s rail sector.