Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), revealed that the cumulative savings from the Government of Dubai’s significant government investments in the development of road infrastructure and transport networks amounted to AED 262 billion between 2006 and 2023.
These savings are mainly due to reduced time and fuel wastage due to traffic congestion, compared to the AED 140 billion allocated by the government for the development of roads and transport systems during that period. RTAReported revenue amounted to AED 8.9 billion in 2022.
In a keynote address titled “Leading Mega Projects and Strategic Transformations” at the Dubai International Project Management Forum (DIPMF), Al-Tayer In his speech, attended by senior officials and representatives of various entities, he noted that such investments contributed to a significant increase in the use of public and shared means of transportation, with the number of users increasing from 95 million in 2006 to almost 500. million in 2022. This increase boosted the share of trips made by public transport from 6 percent to 21.6 percent. It also contributed to a dramatic 90 percent reduction in traffic deaths, from 21.9 per 100,000 inhabitants in 2006 to just 1.9 in 2022.
“The RTA has achieved notable successes in delivering mega projects on time. These include the Red and Green lines of the Dubai Metro, the Dubai Tram, the Dubai Metro Route 2020 and the Dubai Water Canal. Investment in infrastructure is an important driver of economic growth for all cities in the world. For example, the benefit-cost ratio (BCR) on some of our road projects is expected to reach AED 8.8 by 2030, i.e. the economic return for every dirham invested is expected to reach AED 8.8.” .
Similarly, Dubai Metro, having broken even between benefits and costs in 2016, is expected to produce a return of AED 4.3 for every dirham spent by 2030. In addition, RTA projects and programs provided resulting in a substantial reduction in carbon emissions. emissions during the period from 2014 to 2023, which will mean savings close to 500 million dirhams”,
explained Al Tayer.
News source: Emirates News Agency