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H.E. Mattar Al Tayer and H.E. Dong H. Kim signing the MoU.

RTA inks MoU with Seoul Metropolitan Rapid Transit Corporation

: Wednesday, April 02 - 2014 @ 13:17

The Roads and Transport Authority (RTA) has recently signed a Memorandum of Understanding (MoU) with the Seoul Metropolitan Rapid Transit Corporation (SMRT) in support of the strategic partnership relationships with a view to sharing expertise in the rail sector as well as the fare and ticketing system.

The MoU was signed on behalf of the RTA by H.E. Mattar Al Tayer, RTA Chairman of the Board and Executive Director; and on behalf of Seoul Metropolitan Rapid Transit Corporation by H.E. Dong H. Kim, Vice Chairman of the SMRT Corporation in the presence of H.E. ……, Consul General of the Republic of Korea; and a host of RTA CEOs and Directors.

The MoU calls for boosting cooperation and exchanging expertise between the two parties in various fields of the rail sector spanning commercial development, management of quality, risks and safety, policies & regulations, asset & operations management, and financial systems & sustainable revenues. The MoU also covers fares & ticketing policy through sharing knowledge in benchmarking studies as well as modern technologies in fare collection.

Through the MoU, the two parties will seek to enhance their partnership efforts to realize their ambitions and aspirations, and ensure reaping mutual benefits through charting out the framework of the partnership relationships and embedding a joint business culture. Such steps will contribute to improving the performance of operations, simplifying procedures, improving customers’ service, maintaining communication to serve mutual interests, exchanging corporate expertise at all levels, and sharing information and studies related to the tasks and specialties of both parties.

“The two parties share several common objectives and have the potential of exchanging best expertise in public transport field, particularly as the Republic of Korea has set out an amazing infrastructure model, especially in rail projects, rail maintenance and electronic systems, besides its rich knowhow in planning and scheduling bus trips. The MoU covers a host of fields relating to RTA’s transport business and is capable of uplifting the caliber of mass transit sector in Dubai. The RTA is seeking to upgrade the public transport sector in order to encourage the public to migrate from using private vehicles to mass transit modes,” said Al Tayer.

H.E. H.E. Dong H. Kim, Vice Chairman of the SMRT Corporation, hailed the comprehensive development witnessed by Dubai Emirate rendering it a focal point captivating the attention of investors, business leaders and tourists, thanks to the prudent leadership and sharp vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Mr. Kim also commended the Dubai Metro project; which has brought about a quantum shift in the mobility across the region, besides adding a touch of elegance to the Dubai city, and providing an attractive transit means for the residents of the Emirate.

For more information contact:

Mrs. Fiona Chantelle
RTA
Phone: +971 4 2903698

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Wednesday, April 2- 2014 @ 13:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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