More funds for Metro to be Provided by Dubai's RTA

Dubai's first ever metro line, which was opened in September, albeit partially, is all set to receive additional funds from the Emirate's Road and Transport Authority. The awarding of more funds has been announced officially.

"RTA will provide the biggest portion of cash injections out of its budget allocated by the government of Dubai to cover the cost of the additional works on the Red and Green Lines. The remaining portion of additional works’ cost will be funded through the project contractor”, said Mattar Al Tayer, Executive Director of Dubai’s RTA.

As of its in-part opening in September, Dubai's metro project has ended up costing about 80% more than its initial estimated investment of $4.2 Billion.

In December, the Government of Dubai had passed a law that required Government entities, including RTA, to "transfer surplus income to the government’s treasury considering it to be public income".

Over the ongoing year, the RTA will be spending 10.74 Billion Dirhams ($2.9 Billion), of which, almost 50% would be allocated to the metro, as was confirmed by the agency on January 24.