Dubai's RTA signs MoU with Seoul's SMRT
Dubai's Roads and Transport Authority (RTA) has signed a memorandum of understanding (MoU) with the Seoul Metropolitan Rapid Transit Corporation (SMRT) with a view to sharing expertise in the rail sector.
The MoU was signed on behalf of the RTA by Mattar Al Tayer, chairman of the Board and executive director, and on behalf of SMRT by Dong H. Kim, vice chairman, in the presence of the consul-general of the Republic of Korea and a host of RTA CEOs and directors.
The MoU calls for boosting cooperation and exchanging expertise between the two parties in various fields of the rail sector, spanning commercial development, management of quality, risks and safety, policies and regulations, asset and operations management, and financial systems and sustainable revenues.
The MoU also covers fares and ticketing policies through sharing knowledge in benchmarking studies as well as modern technologies in fare collection.
Al Tayer said: "The two parties share several common objectives and have the potential of exchanging best expertise in public transport field, particularly as the Republic of Korea has set out an amazing infrastructure model, especially in rail projects, rail maintenance and electronic systems, besides its rich knowhow in planning and scheduling bus trips.
"The MoU covers a host of fields relating to RTA's transport business and is capable of uplifting the calibre of mass transit sector in Dubai. The RTA is seeking to upgrade the public transport sector in order to encourage the public to migrate from using private vehicles to mass transit modes."