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Tag: Dubai Rail Link Consortium (DURL)
The Road and Transport Authority is paying the Dubai Rail Link Consortium (DURL), the firms involved in the development of Dubai Metro, in monthly installments of Dh169 million between June and September 2011. The balance of Dh5.8 billion will be paid in equal monthly installments over a period of seven years beginning October 2011.
Dubai’s Dh4 billion (US$1.08bn) Al Sufouh Tram project in Jumeirah is set to open in late 2014, rather than in April next year as originally planned, transport officials said yesterday. The Dubai Roads and Transport Authority (RTA) is working to resolve funding issues on the 14km tramway, said Abdul al Hassan, the director of rail planning and development at the RTA.