News / Dubai's PPP law will be approved in the first quarter of 2011

Dubai's PPP law will be approved in the first quarter of 2011

🕔 January 13, 2011

Dubai is close to implementing public private partnership (PPP) law which has been drafted by Roads and Transport Authority (TRA), said Abdul Mohsin Ibrahim Younes, CEO of Strategy and Corporate Governance at the RTA."We expect that the law will be approved very soon," Middle East Utilities reported on its website quoting Younes."The law has been drafted by the RTA, but is not specific to transport," Younes said while speaking at the PPP Middle East Conference in Dubai on Tuesday.Dewa chief Saeed Mohamed Al Tayer announced late last year the legal framework for PPP projects will be introduced during the first quarter of 2011.The PPP law will facilitate projects such as the Hassyan independent power and water project (IWPP), which is in the pipeline or the PPP water transportation project that is in tender status. MEED reported that Dubai's Roads and Transport Authority has granted a second extension to the deadline for companies to submit expressions of interest in developing a water transport system along the coastline of the emirate.In the longer term, Younes confirmed that both the Sheikh Rashid Bridge and the Dubai Smile - which will replace the existing floating bridge - would also be tendered as PPPs after 2014.Dubai's Road and Transport Authority will seek private funding for almost a third of its infrastructure projects over the next five years, a senior official has said.Take care!Follow us on twitter

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