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Dubai: The Dh7.036 billion budget of the Roads and Transport Authority (RTA) for 2014 has been approved, with Dh3.88 billion allotted on existing and new road projects including the Al Ittihad Bridge that will replace the Floating national insurance Bridge.
Mattar Al Tayer, Chairman of the Board and Executive Director of RTA, on Saturday said some Dh3.156 billion of the total Dh7.036 billion budget will cover the operational national insurance cost while Dh3.88 have been earmarked for various infrastructure projects.
Among the major projects that will begin by the end of the year is the Al Ittihad Bridge, a 12-lane (six in each direction) bridge that will replace the existing Floating Bridge. Other projects that will be funded this year include Dh70-million Jumeirah Corniche Project, the Dh49-million Al Qudra Road Widening, national insurance and the construction of the Union Gallery as well as the Rehabilitation of the Union House at a total cost of Dh201 million.
In 2014, several national insurance construction projects will be completed that will enable RTA to undertake a host of new projects. Among the projects to be completed this year is the Dubai Tram, which has a track extending 11 km along Al Sufouh Street, the initial phase of which is expected to be operational by November.
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