RTA official confirms Dubai PPP law to pull funds
The legislation, to be launched in November 2015, will attract investments for the Dubai Metro extension project, for which contracts could be awarded in January 2016
A new legislation, to be introduced in November 2015, will enable easier private investments into Dubai's infrastructure projects, an official from Roads and Transport Authority (RTA) confirmed.
RTA's chief engineer for rail operations, Shahrin bin Abdol Salam, said the consortia bidding to build the extension of Dubai Metro's Red Line will be able to use the public-private partnerships (PPP) model.
According to The National, the legislation, due to be introduced on 19 November, 2015, will also be used for projects such as the expansion of Al Maktoum International Airport.
"Tenders for the project, which have already been issued, are due to be handed back to the RTA in December", the report added.
Contracts for the project could be handed in January 2016.
Salam added, however, that the formation of PPPs is "not mandatory" for bidders.
“If that’s what they want to put in to their bid, they are free to do so,” he said, according to the report.
"The introduction of a new PPP law in Dubai follows on from the implementation of similar regulations in Kuwait and Bahrain", it continued.