Dubai investing Dh26 billion in just 60 days to meet needs of the future


Dubai has unveiled three major projects in a span of just 60 days, committing Dh25.9 billion to development of the emirate’s infrastructure and transportation to meet future needs.

A recent report issued by Deloitte and Meed has revealed that projects under planning in Dubai are currently valued at $337.2 billion (Dh1.23 trillion), with the total value of projects under construction at $53.6 billion.

From May to June 2016, three government entities announced three major projects, which are listed below:

Dubai Strategic Sewerage Project

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In its move to improve city’s infrastructure, Dubai Municipality announced the launch of Dh12.5 billion Dubai Strategic Sewerage Project.

Emirates 24|7 reported in May 2016 that the civic authority had awarded the consultancy contract for the tunnel project to US-based Parsons Overseas Limited, with the work slated for commencing in a year’s time.

When competed in five years’ time, the project, covering the entire emirate (key catchments of Deira and Bur Dubai), will eliminate over 100 pumps station around the city that currently transfers sewage to treatment plants in Al Warsan and Jabel Ali.

It will have 70 kilometres of underground tunnel, reaching a depth of 90 metres, and will be supported by approximately 140 kilometres of link sewers and key pumping stations.

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The project is planned to cover the emirate’s expansion over the next 50 years.

“This will meet the demand 50 years ahead and will be capable of serving the future growth in the city of Dubai,” Dubai Municipality Director-General Hussain Nasser Lootah told Emirates 24|7.

“As per our cost-analysis studies, we believe the project cost will be recovered in 20 years and we will make profit thereafter. We are investing as we want Dubai’s infrastructure to be of high quality,” he added.

Mohammed bin Rashid Al Maktoum Solar Park

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In June 2016, Dubai Electricity and Water Authority (Dewa) awarded a consortium led by Abu Dhabi’s Masdar, including Spanish companies Fotowatio Renewable Ventures (FRV) and Gransolar Group, to build the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park, setting a new world record for the cost of generating solar power.

The solar park, located in Seih Al Dahal on the Dubai-Al Ain road, is the largest single-site project to generate electricity from solar energy in the world, with a planned capacity of 5,000 megawatts by 2030 and a total investment of Dh50 billion.

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Masdar Chief Executive Officer Mohamed Al Ramahi told this website that the consortium was planning to raise nearly Dh2.94 billion to fund the third phase of the solar park.

“The consortium is in talks with banks including National Bank of Abu Dhabi, First Gulf Bank and Union National Bank to provide project finance,” he said, but nothing has yet been finalised.

Dubai Metro Route 2020

Route 2020 metro station

In June-end, the Roads and Transport Authority awarded the extension of the much-awaited Red Line of the Dubai Metro to Expolink Consortium, comprising French, Spanish and Turkish firms.

The Dh10.6 billion new extension will serve Expo 2020, which is expected to attract about 25 million visitors during the six month, starting October 20, 2020 to April 10, 2021.

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Work on the 15km-long extension work will commence in the fourth quarter of 2016 with trial runs staring by fourth quarter 2019. The official operation will commence on May 20, 2020.

‎Route 2020 will start from Nakheel Harbour and Tower station and end at the Expo 2020 site near Al Maktoum International Airport. With five elevated stations and two underground stations, the route will pass through localities such as Discovery Gardens, Dubai Investment Park, Al Furjan and Jumeirah Golf Estates.

Source: emirates247.com

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