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RTA to invest Dh4b in roads in a year to spur growth

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RTA to invest Dh4b in roads in a year to spur growth
Traffic moves on the canal bridge on the Shaikh Zayed road that opened in Dubai on Friday.

Dubai - Dubai is focusing on infrastructure projects amid an economic slowdown triggered partly by a decline in oil prices in the region.

By Bloomberg

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Published: Sat 2 Jul 2016, 6:03 PM

From commuter trains to highways, Dubai is doubling down on its bet that investments in transportation will spur the emirate's economy.
Within eight months, Dubai expects to solicit bids for road projects worth as much as Dh4 billion as part of a bigger drive to upgrade transport links in the city, Mattar Al Tayer, Director-General and Chairman of the Roads and Transport Authority (RTA), said in an interview. His comments followed the awarding of a Dh10.6 billion contract on Wednesday to extend Dubai's metro-train system as the city prepares to host Expo 2020. "There's a lot of cuts in projects in neighbouring countries," Al Mattar said. "Investing in infrastructure is one of the policies which the Dubai government has taken to steer the economy." He did not give details of the planned road improvements.

Dubai is focusing on infrastructure projects amid an economic slowdown triggered partly by a decline in oil prices in the region.
A group led by Alstom SA of France and including Spain's Acciona SA and Gulermak of Turkey won a contract to extend the metro network by 15km to the desert site of the 2020 Expo. The RTA has received Dh1.5 billion from the Dubai government's Department of Finance (DOF) to begin work on the extension, Al Tayer said.
The contractors have submitted offers to pay for the metro project, and the DOF is to decide within six months how to fund it, he said. The RTA expects work on the network to proceed on schedule even amid a challenging economic environment.
To help pay for the transportation upgrades, the RTA is studying whether to increase road tolls within three years, Al Tayer said.
Dubai International Airport, the world's busiest by international traffic, imposed a service fee of Dh35 per passenger that took effect on Thursday.


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