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MENAFN - 09/02/2014

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(MENAFN) Dubai's Road and Transport Authority (RTA) has approved a USD1.9 billion budget for 2014, Arabian Business reported.

RTA chairman and executive director said that the operating budget will be USD859 million, while USD1.05 billion will be earmarked for capital and projects.

The chairman said: "The approved projects budget is estimated as AED3.62 billion (USD985 million) which will be allocated for constructing around 99 projects; comprising 50 new projects to be undertaken in roads, marine transport and public transport sector, and 49 projects currently underway."

Around 36 percent of the budget is to be set for the Traffic and Roads Agency, 33 percent to the Rail Agency, 13 percent for the Public Transport Agency, a shared 17 percent between the Licensing Agency, Administrative Support Services Sector and Technical Support Services Sector, and one percent to other agencies.

 






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