Spot gold was steady at $2,317.41 per ounce after staying mostly in negative territory earlier in the day
Al Tayer told the global publishing, research and consultancy firm Oxford Business Group (OBG) that during the last six years, the government had channelled funds earmarked for transport infrastructure into projects aimed at improving connectivity between Dubai’s primary transport centres and boosting the emirate’s road networks.
‘While RTA’s future plans still include major additions to Dubai’s road network in terms of adding new creek crossings and developing major interchanges and road corridors, our priority is to provide roads within main residential areas,’ he said. ‘For this purpose, we have received government approval of Dh1bn ($272.2m) to develop roads in 16 residential areas in the coming five years.’
Al Tayer said the RTA’s drive to encourage greater use of public transport was gathering pace, with several projects in the pipeline that would expand the network and increase capacity. In particular, he highlighted the Authority’s plans to extend Dubai’s metro lines and bring the Al Sofouh tram project to fruition.
‘The RTA strategic plan has a clear objective, which is to increase public transport share from 6% in 2006 to 20% in 2020 and 30% in 2030. So far, we have managed to achieve a 11% share in 2011,’ he said. ‘We are working on a number of initiatives regarding the optimisation of the public transport system and attracting more people to use it, including new services, incentives to users, better integration between modes and other policies.’
Spot gold was steady at $2,317.41 per ounce after staying mostly in negative territory earlier in the day
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