RTA projects revenues of Dh3.27bn for this year
The Roads and Transport Authority (RTA) has forecast total revenues of Dh3.27 billion for the year 2010, said its top official while announcing its budget for the year.
Mattar Al Tayer, Chairman and Executive Director of RTA, said the aggregate approved budget for the authority's expenses in 2010 is Dh10.74bn, of which Dh2.83bn is the operational budget, and Dh7.90bn the capital and project budget.
"The total revenue forecast during 2010 amounts to Dh3.276bn and the approved projects budget is Dh7.5bn allocated for undertaking about 120 projects, 13 of which are new projects relating to roads, marine transport, public transport and operational building projects. The remaining covers the completion of 107 projects currently underway," said Al Tayer.
He added that 46 per cent of the budget will be allocated to the Rail Agency, 29 per cent to Roads and Traffic Agency, 13 per cent to the Public Transport Agency and the remaining 12 per cent will be allocated to the licensing and marine agencies as well as the corporate support services.
Al Tayer said the Government of Dubai is proceeding with its ongoing drive to upgrade the infrastructure, including roads and transportation projects, out of a belief that investment in infrastructure is the core driver of any cosmopolitan city.
"In 2010 RTA will complete its undergoing projects and engage in a host of other fresh ones. Among the key projects underway is the Dubai Metro Project, the first stage of which was opened in September 2009 with 11 stations. The remaining stations will be opened shortly in a gradual manner. Work is progressing on schedule on the construction of the Metro's Green Line as well, and it will continue in the Al Safouh Tram project comprising two phases extending 14km along Al Safouh Road," he added.
"Among the key road projects earmarked for completion or construction during this year is the Sheikh Zayed Road's Parallel Roads Project, which is one of the mega projects undertaken by the RTA, extending 108km from Sheikh Rashid Road in the north and stretching southward up to the outskirts of Abu Dhabi. The project comprises flyovers and at-grade interchanges at junctions with crossing roads in a total length of 42km," he said.
He added: "The RTA will also complete the Al Khail Road Improvement Project, which is one of the key projects serving as an extension of the Business Bay Crossing through which RTA intends to develop road corridors supporting Sheikh Zayed Road and Emirates Road – both of which currently handle huge traffic volumes. The RTA will also undertake several other road widening and improvement projects and internal road projects to serve the residential districts of the emirate."
Al Tayer said the RTA would continue upgrading mass transportation infrastructure. "Bus depots at Al Awir, Al Khawaneej, Jebel Ali and Al Rawiyyah will be completed. The RTA will also complete the Bus Tracking System project, which aims at providing ultra-modern and top-quality services in public transport in Dubai," said Al Tayer.
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