(MENAFN - Emirates News Agency (WAM)) Mattar Al Tayer, Chairman of the Board and Executive Director of the Roads and Transport Authority (RTA), received Fred Hochberg, Chairman of Export-Import Bank of the United States at RTA's Head Office in the presence of Robert Waller, US Consul General in Dubai.
The meeting reviewed the prospects of cooperation and explored the roads and mass transit projects that the RTA plans to implement in the foreseeable future.
At the outset of the meeting, Al Tayer welcomed the American delegation, and spoke about the investment opportunities on offer to the private sector in road projects '&' transportation systems which the RTA plans to implement by 2020.
The RTA's Plan catered to the projected population and requirements of the Dubai bid for hosting the World Expo 2020, involving constructing hundreds of kilometers of main roads, crossings over Dubai Creek, and a number of ring roads around the existing and new development '&' business centers.
Al Tayer explained that the forthcoming years would also witness the implementation and operation of metro and tram rail projects, costing billions of dirhams, in addition to constructing bus passenger terminals, and multi-storey vehicle parking lots, which would offer fine opportunities for companies to bid for RTA prospective tenders.
"The RTA is mulling the implementation of the Public-Private Partnership (PPP) model in order to provide attractive economic elements in a number of projects that prompt the private sector to take the initiative in adopting and funding these projects in return for obtaining revenues during the contracted period," added Al Tayer.
At the end of the meeting, HE Fred Hochberg, Chairman of the U.S. Export-Import Bank, said he was impressed with the projects undertaken by the RTA, particularly mass transit projects, citing the Dubai Metro, Safouh Tramway and other public transit means, stressing his commitment to strengthen cooperation and exchange of expertise with the RTA.