Dubai Travel News

Travel & Tourism News of Dubai and rest of UAE

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Dubai to raise $800m on road tolls

Dubai is to raise $800m by selling debt instruments backed by future revenues from road tolls to fund transportation infrastructure in the emirate.

The department of finance said on Thursday it would launch a six-year dual currency financing based on receipts from the city’s road toll system, known as Salik, to help pay for projects under the Road Transport Authority.

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