12-lane Al Ittihad Bridge to replace Floating Bridge; RTA approves Dh7 billion budget for 2014

Dubai: The Dh7.036 billion budget of the Roads and Transport Authority (RTA) for 2014 has been approved, with Dh3.88 billion allotted for existing and new road projects including the Al Ittihad Bridge that will replace the Floating Bridge.

Mattar Al Tayer, Chairman of the Board and Executive Director of RTA, on Saturday said the total expenditure budget approved for the agency this year amounts to Dh7.036 billion. Some Dh3.156 billion will cover the Operational Budget while Capital and Projects will get a budget of Dh3.88 billion.

“The aggregate anticipated revenues for this year are Dh5 billion marking a 17 per cent increase over last year’s budget.”