Dubai's transport authority has approved a budget of just over US$1.9 billion for this year, with more than half allocated to new projects.
Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority (RTA) said around a third of the budget will be allocated to the Traffic and Roads Agency, a third to the Rail Agency, 13 per cent to the Public Transport Agency, and 17 per cent to be shared between the Licensing Agency, Administrative Support Services Sector, and Technical Support Services Sector, and one per cent to other agencies.
The approved projects budget is estimated as US$985 million which will be allocated for constructing around 99 projects; comprising 50 new projects to be undertaken in roads, marine transport and public transport sector, and 49 projects currently underway. Among the projects to be completed in 2014 will be the Dubai Tram, which is expected to be opened in November this year, and by the end of the year, the RTA plans to award a contract for constructing the twelve-lane Etihad Bridge, which will replace the existing floating bridge.
Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority (RTA) said around a third of the budget will be allocated to the Traffic and Roads Agency, a third to the Rail Agency, 13 per cent to the Public Transport Agency, and 17 per cent to be shared between the Licensing Agency, Administrative Support Services Sector, and Technical Support Services Sector, and one per cent to other agencies.
The approved projects budget is estimated as US$985 million which will be allocated for constructing around 99 projects; comprising 50 new projects to be undertaken in roads, marine transport and public transport sector, and 49 projects currently underway. Among the projects to be completed in 2014 will be the Dubai Tram, which is expected to be opened in November this year, and by the end of the year, the RTA plans to award a contract for constructing the twelve-lane Etihad Bridge, which will replace the existing floating bridge.
