Dubai’s Roads and Transport Authority (RTA) has finalised the remaining financing for its $1.1bn Al-Sufouh tram project.
“The RTA has obtained financing and the project is progressing normally,” says a source from the contracting consortium.
The RTA says it is not able to confirm whether all of the funding is in place.
“The entity (RTA) does not disclose any information on the financial front concerning its projects,” says an RTA source.
In April 2011, the contracting consortium received some funds in order to restart work (MEED 12:4:11). The project was put on hold in June 2010 following irregular payments from the RTA.
The consortium is led by France’s Alstom and the local/Belgian Belhasa Six Construct. The group resumed some of the work in January last year, including the viaduct on Sheikh Zayed Road, the mock-up station, the tramway at Jumeirah Beach Residence and some utilities work at Dubai Marina.
French public transport operator, Regie Autonome des Transports Parisiens (RATP) was also preferred bidder to operate the tram when the project stalled. RATP is still in talks with the RTA.