RTA awards $102 million road contract
The Board of Executive Directors of Roads and Transport Authority, RTA, chaired by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, has awarded AED375 million contract for the construction of tunnels and roads leading to the Jewel of the Creek Project.
The awarding of the contract was coordinated with the Dubai International Real Estate Company, DIRE.
Dubai’s upcoming landmark
The Jewel of the Creek project, which sits between Al Maktoum and the Floating Bridges, has been designed as a landmark tourist destination.
Mattar Al Tayer, Director-General of RTA and Khalil Al Sayegh, Director-General of DIRE, signed the memorandum of understanding for funding the construction of tunnels and roads leading to the project, which is set for completion during the first half of 2019.
“The project construction works have recently been started, and primarily aimed to provide entry and exit points linking with the ground and basement access points of the project.
Specifically, it provides roads, subways and slipways linking the ground level and the basement parking of the project with the roads and transport network of Baniyas Road to the north, and Al Ittihad Road to the East.
The project also includes the construction of a footbridge crossing over Baniyas Road and lighting works along with the protection and shifting of the existing utility lines,” explained Al Tayer.
“The northern access points comprise entry points to the basement parking for traffic bound to the west of Baniyas Road and the traffic inbound from Al Maktoum Bridge slipway. It also includes exit points for the basement parking through a tunnel heading eastward to Baniyas Road and westward to Baniyas Road, in addition to exit points to the north-east leading to the eastern slipway from Al Maktoum Bridge to Baniyas Road.
It includes surface entry points from and to the eastern basement parking, and single-lane tunnels for the basement parking stretching from the Floating Bridge and Baniyas Road to the East.
The Project also includes the construction of roads for the surface entry points for the traffic inbound from Al Ittihad Road to the south, and single-lane tunnels to the north for the parking to provide exit in the direction of Abu Dhabi and Al Ittihad Road to the north.
“The entry and exit points leading to the Jewel of the Creek have been designed to meet the needs of this futuristic architectural masterpiece enhancing the Dubai skyline and posing as a majestic urban development on the shores of the Dubai Creek,” added Al Tayer.
Infrastructure projects to get a massive boost
In Dubai, which is gearing up for Expo 2020, the government announced that it would award 47 construction contracts worth $3 billion in 2017. The contracts which are open to both local and international firms constitute the third and final infrastructure package for the expo’s support areas.
Other key contracts for this year include the construction of the three Thematic Districts that will host majority of the expo pavilions. It also pertains to the public areas and the development of all temporary infrastructure required to host the first such event in the Middle East.
The outlay was part of the emirate’s expansionary budget, which increased by 2.6 per cent overall, but boosted the infrastructure allocation by 27 per cent – up from 20 per cent in 2016.
These latest announcements in the UAE came as a shot in the arm for businesses anxious about the country’s economic growth prospects and the government’s spending plans to boost the same.