Mattar Al Tayer, Chairman of the Board of Roads and Transport Authority (RTA), revealed that the total expenditure budget approved for RTA in 2016 amounted to Dh7.609 billion comprising an operational budget of Dh3.913bn, and an infrastructure projects budget estimated at Dh3.696bn.
"The aggregate anticipated revenues for this year amount to Dh7.5bn marking a 14 per cent increase over last year’s budget. The approved Infrastructure projects budget is estimated as Dh3.696bn, which would be allocated for constructing 55 projects comprising 12 new road projects and 43 projects currently underway," explained Al Tayer.
"Of the budget 37 per cent would be allocated to the Rail Agency, 31 per cent to the Traffic and Roads Agency, 10 per cent to Public Transport Agency, 4 per cent to Licensing Agency, and 18 per cent 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 year-end, 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 and Jumeirah Roads Project; Entries of Al Awir Road and International City Project; and the Cycling and 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.