Dubai opens innovation lab for mobility projects’ financing

Roads and Transport Authority (RTA) opened the Innovation Lab which will analyze new financial resources and their impact on the mobility development in Dubai. During the event, the Director General of RTA, Mattar Al Tayer, highlighted the importance of adopting innovative solutions for financing RTA’s future projects, establishing creative models for funding mobility projects, and boosting the public-private partnership (PPP).
“RTA plays a pivotal role in providing transport, environment, and sustainable infrastructure; which are part of the national priorities of the UAE Vision 2021. Innovation has become a global demand for building a sustainable and knowledge-driven economy,” Al Tayer said.
In the context of cementing the partnership with the private sector, RTA rolled out the Transit-Oriented Development and outsourced some services. It has also forged partnerships with startups such as Volocopter and Virgin Hyperloop, and has ambitious plans to pursue investment in the future of mobility.
The Lab will take into account a variety of issues such as tapping new commercial revenue sources to enhance the cash flow of non-tariff activities, allocating budgets for the next generation, and exploring new techniques for securing finance under the current limitations.

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