Dubai's RTA set to spend $1.68bn in 2013

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority.

Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority.

Dubai's transport authority on Wednesday said it would spend more than AED6.2bn ($1.68bn) in 2013 while revenues are forecast to total just over AED4bn.

Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority (RTA) said its spending next year would comprise an operational budget of AED3.022bn and a capital and projects budget of AED3.22bn.

He added that total revenues expected next year amounted to AED4.079bn, an 11 percent increase compared with 2012.

Al Tayer said the projects budget will allocate cash for about 45 new development schemes spanning roads, marine transport, public transport and operational buildings.

It would also fund the completion of another 55 projects currently underway in Dubai, he added.

Of the total budget, 37 percent has been allocated to the Rail Agency, 34 percent to Traffic and Roads Agency, 15 percent to the Public Transport Agency, and the remaining 14 percent to the Licensing Agency.

Al Tayer said: "The Dubai Government is continuing with the development of the infrastructure, including road and transport projects, as it recognises that investment in the infrastructure is the core driver of the economy of any city worldwide.

"In 2013, the RTA will complete the construction of several projects currently underway, and undertake a number of new projects. Among the key projects to be continued this year is the Safouh Tramway; which runs 14km along Safouh Road; where the initial phase of the project is slated for completion in November 2014."

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Finance talk with RAKBANK

Finance talk with RAKBANK

StartUp sat down with RAKBANK’s head of personal banking, Ian...

Tips from the top: Hisham Al Gurg

Tips from the top: Hisham Al Gurg

High profile investor and entrepreneur Hisham Al Gurg discusses...

The hubsters' ecosystem

The hubsters' ecosystem

Tamara Pupic visits Impact Hub Dubai, the first local branch...

Most Discussed