The Dubai Roads and Transport Authority (RTA) has raked in over US $490 million (AED1.8 billion) through its naming rights bidding scheme, and funding deals for stations.
The windfall will be used to improve services offered by the red and green lines, which are due to open in September 2009 and March 2010 respectively. Construction of the red and green lines is valued at $4.2 billion.
“The money will be reinvested into the metro project and to enhance the quality of the services that will be provided for the passengers and the users of the system,” RTA CEO for strategy and corporate governance Abdul Younis told Construction Week
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