13 February 2016
Revenues forecast hits AED7.5 billion

Roads & Transport Authority - Mohammed Al Munji:

HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that the total expenditure budget approved for RTA in 2016 amounted to AED7.609 billion comprising an Operational Budget in the order of AED3.913 billion, and an Infrastructure Projects Budget estimated as AED3.696 billion.

"The aggregate anticipated revenues for this year amount to AED7.5 billion marking a 14% increase over last year's budget. The approved Infrastructure projects budget is estimated as AED3.696 billion, which would be allocated for constructing 55 projects comprising 12 new road projects and 43 projects currently underway," explained Al Tayer.

"37% of the budget would be allocated to the Rail Agency, 31% to the Traffic & Roads Agency, 10% to Public Transport Agency, 4% to Licensing Agency, and 18% to supporting sectors at RTA," he noted.

"This year, RTA is set to complete construction works for a number of projects currently under underway, and undertake new ones. Among the key projects to be completed this year is the Dubai Water Canal project, which would be fully complete by the end of this year, as well as the Union Museum Project, Improvement of Wafi Interchange Project, Improvement of Umm Al Sheef and Latifa bint Hamdan Roads Junction with the Sheikh Zayed Road Project, Improvement of Dubai International Airport Junctions Project, Improvement of Al Shandagha Hub Project, Improvement of Al Wasl & Jumeirah Roads Project, Entries of Al Awir Road & International City Project, and the Cycling & Running Tracks Project (covering multiple areas of Dubai). The new projects are: Widening of Latifa bint Hamdan Road Project, Parallel Roads Project, Improvement of the 7th Interchange of Sheikh Zayed Road Project, and Improvement of Seih Assalam Road Project (Phase II)," said Al Tayer.

-Ends-

 

© Press Release 2016