02 Jan 2013
(MENAFN) Dubai’s Roads & Transport Authority’s (RTA) Chairman of Board and Executive Director, Mattar Al Tayer, stated that the authority’s budget for the current year is set at USD1.69 billion, reported Emirates 24/7.
Al Tayer said that of the amount, USD822 million is allocated for the operational budget and USD876 million for capital and projects budget.
He added that total revenues for 2013 are forecasted to rise 11 percent from 2012, reaching USD1.11 billion.
Moreover, the USD857 million projects budget will be allotted for the construction of nearly 100 projects, including 45 new projects covering roads, marine transport, public transport and operational buildings, as well as completing works in 55 projects in progress at the current time.
It is worth noting that 37 percent of the total budget is allocated for the Rail Agency; 34 percent for Traffic & Roads Agency; 15 percent for Public Transport Agency; and 14 percent for the Licensing Agency and the Corporate Administrative & Technical Support Services.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more