Accommodation project moves ahead
Dubai Taxi Corporation (DTC), a subsidiary of the Roads & Transport Authority (RTA), has appointed US-based Deloitte as an adviser for its public-private partnership (PPP) project.
The UKs Trowers & Hamlins and Kuwaits KEO International Consultants are the legal and technical advisers respectively.
The advisers will carry out a feasibility study on the real estate and accommodation project.
DTC owns three adjacent plots of land, and intends to build accommodation for employees and create new revenue streams.
Dubais PPP law came into force in late 2015, providing a flexible framework for all sectors.
The contract for the first PPP project, at Dubai Courts, was awarded to Indian/Saudi Arabian Parkline. It will develop an automated car park with 1,232 spaces, in a deal worth $80m. The developer is now working on financing the project.
The RTA is expected to be one of the most active clients using the PPP law.
Its flagship PPP project, the Union Oasis transit-oriented development, has attracted bids from five developers.
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