RTA approves Dh7 billion budget for 2014
Posted on 9th February 2014
Dubai's Roads and Transport Authority (RTA) announced a budget of Dhs.7.03 billion for 2014 of which RTA will allocate Dhs.3.88 billion for existing and new road projects while Dhs.3.15 billion will cover operational costs.
Among the projects announced, RTA announced that the Floating Bridge in Dubai will be replaced by the 12-lane Al Ittihad Bridge which will be built at a cost of Dhs.1.1 billion. The 61.6m wide Al Ittihad Bridge will have an inverted arc with a height of 100 metres. Its height over the Creek will be 15m enabling uninterrupted traffic movement and the passage of large ships. The bridge will extend from Dubai Creek Park in Bur Dubai to Deira City Centre. According to Mattar Al Tayer, Chairman of the Board and Executive Director of RTA, a construction contractor will be appointed in 2014 with project due to be completed in 3 years. The Floating Bridge will be moved near the Sheraton Hotel on Dubai Creek, linking Shaikh Khalifa Bin Zayed Road in Bur Dubai to Omar Bin Al Khattab Road in Deira.
Other projects which will be funded this year will include Dhs.70 Million Jumeirah Corniche project, the Dhs.49 Mn Al Qudra Road Widening and the construction of the Union Gallery as well as the renovation of Union House at a total cost of Dhs.201 Mn. The RTA will also work on the Parallel Roads Project supporting Shaikh Zayed Road and Al Khail Road for which a budget of Dhs.398 Mn is being allocated.
Among the major projects to be completed this year is the Dubai Tram, which has a track extending 11km along Al Sufouh Street, the initial phase of which is expected to be operational by November 2014.Back to all Construction News
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