DUBAI: The Roads and Transport Authority, RTA, has recently participated in the 22nd Conference on Public-Private Partnerships hosted by the city of Toronto, Canada.
The Conference was attended by an elite bunch of industry experts with the aim of having further exposure to top international practices and models adopted by advanced countries in undertaking government infrastructure projects through partnership with the private sector.
Commenting on RTA’s participation in the event, Ibrahim Al Haddad, Director of Commercial and Investment at the RTA, said, “RTA’s participation in this event echoes its drive to engage the private sector in undertaking infrastructure projects in the transport sector in a way that serves the broad objectives and strategic goals of the RTA.
“It also aims at benefiting from the efficiency of the private sector in managing, operating and funding infrastructure projects, capitalising on its skills and resources in generating an added value to government projects, and developing creative financing tools, as well as effective processes for sharing responsibilities and risks.
“It is firmly believed that such a structure will contribute to improving the caliber of transit services and products on offer to the community and business sector, which will ultimately make life easier and happier for people, besides empowering the RTA to roll out new echelons of innovative and successful strategic partnerships capable of generating economic dividends to the benefit of the RTA and our community.
Al Haddad went on to say, “The RTA has gone through a number of important partnerships with the private sector such as the Union Oasis Project, multi-level parking terminals, and the air-conditioned bus shelters among others, and is currently mulling the construction of a host of future projects through the Public-Private Partnership (PPP) model.
“The UAE in general and Dubai in particular is keen on nurturing an investment climate conducive to a successful and thriving partnership with the private sector through enacting appropriate legislations to ensure the prosperity and advancement of this cooperation in the interest of both parties,” he concluded.