By Staff writer
UAE government confirms it is in the final stages of preparing the tenders; will cost up to $8.7bn
Tenders for infrastructural developments for Dubai's World Expo 2020 will be issued at the beginning of 2015.
The UAE government has confirmed it is in the final stages of preparing the tenders.
Dubai won the right to stage Expo 2020 last year and announced it would set aside a large sum of cash to pay for the extension of the metro, new hotels and new roads.
Reem Al Hashemi, the UAE Minister of State and managing director for the Dubai World Expo 2020 Bid Committee, has said that investment in infrastructure to support Expo 2020 will be between $6.2 billion and $8.7 billion.
Reem said in comments published by Construction Week Online that the committee "would be talking a diverse approach to funding the infrastructure demands of Expo 2020", but gave no further details.
Speaking at the Africa Global Business Forum in Dubai, she described the bid as "affordable".
“It’s a series of different funding mechanisms and portfolios. There’s obviously interest from the private sector already. There’s going to be a government commitment that will contribute,” she said.
In August, senior Expo officials said the master planning for Dubai Expo 2020’s host venue - Dubai Trade Centre-Jebel Ali - a 438-hectare site that includes the dedicated Dubai Expo 2020 area and a residential, hospitality and logistics zone is progressing well.
The work is being undertaken with Dubai Expo 2020 by a consortium made up of HOK and Arup, which continue their association with the project from the successful bid phase.
The contract tenure for the master planners will run until the completion of all requirements for the mandatory Registration Phase, due to be approved by the Bureau of International Expositions (BIE), the governing body of the World Expo, by November 2015.
At its peak, the Dubai Expo 2020 exhibition site at Dubai Trade Centre-Jebel Ali is designed to accommodate up to 300,000 visitors, with average week-day attendance expected at 153,000.
Running October 2020 through April 2021, the Expo will launch the country’s Golden Jubilee celebration and serve as a springboard from which to inaugurate a progressive and sustainable vision for the coming decades.