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January 25, 2010

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Dubai's transport plans

DUBAI'S transport department will spend up to 7.5 billion dirhams (US$2.04 billion) in 2010 on projects although it expects less than half this amount in revenues for the year.

The department expects revenues in 2010 to reach 3.3 billion dirhams, Mattar al Tayyer, chairman of Dubai's Roads and Transport Authority, said on Saturday. He did not give a comparative figure for revenues in 2009.

The spending will benefit some 120 projects, 13 of which are new and the remainder under completion, Tayyer said.

The total budget for 2010 was 10.7 billion dirhams, of which 2.8 billion dirhams is operational budget and 7.9 billion dirhams is capital and project budget, according to Tayyer.

The government has positioned infrastructure development as central to strengthen its position as the Middle East's commercial and tourism hub and continued to invest in it even as the economic crisis battered Dubai's real estate market and sent workers home.


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