'Hosting Expo 2020 will require Dh30 billion funding'

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By Dhanusha Gokulan/Staff Reporter  www.khaleejtimes.com

The UAE’s winning bid to host the World Expo 2020 will require a funding to the tune of Dh30 billion, the Roads and Transport Authority (RTA) chief said on Monday.

“It will take … that much money to develop the infrastructure of the whole city and the surrounding areas … and the exhibition yard. The RTA will design and construct transport projects needed to host the World Expo 2020, including the 15-km extension of the Dubai Metro Red Line, and upgrading surrounding roads and junctions leading to the site of the Expo,” Mattar Al Tayer, Chairman of the Board and Executive Director of the RTA said.

Al Tayer was speaking at the opening ceremony of the Dubai International Project Management Forum (DIPMF), held by the RTA in collaboration with the Project Management Institute (PMI), Dubai Electricity and Water Authority (Dewa) and Emaar. The popular sentiment at the event was that the time has come for “rapid working environments”, further necessitating the need for sleek country-wide infrastructure.

The conference was inaugurated under the patronage of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council. Shaikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Chairman of Emirates Airline, inaugurated the event.

Al Tayer said: “Dubai has already established itself as a cosmopolitan city and is considered a leader in project management. There has been accelerated growth in development and infrastructure and we plan to create an environment for creating smart transportation which is one of the pillars for smart cities. More info