RTA 2016 budget of AED7.6bn includes 12 road projects
The chairman of the board of the Roads and Transport Authority (RTA), Mattar Al Tayer, has revealed that the total budget for the RTA in 2016 has been approved at AED7.6 billion, comprising an operational budget of AED3.913bn, and an infrastructure projects budget estimated at AED3.696bn.
"The aggregate anticipated revenues for this year amount to AED7.5-billion, marking a 14 per cent increase over last year’s budget,” said Al Tayer. “The approved infrastructure projects budget is for constructing 55 projects comprising 12 new road projects and 43 projects currently underway.”
"Of the budget, 37 per cent will 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 added.
"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 will be fully complete by the year-end,” he said.
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) will also be completed this year.
The new projects being undertaken this year 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).