Wednesday , March 3 2021

RTA asks for proposals for Union 71 project in Dubai


Like Our Facebook Page For Latest News

Dubai: Dubai’s Roads and Transport Authority (RTA) has called upon the local as well as international business communities to submit proposals for the development of a multi-use Transit-Oriented Development (TOD) project above the Union Metro Station based on public-private partnership (PPP).

The Union Metro Station is one of Dubai Metro’s busiest interchange stations in Deira area connecting the Red and Green metro lines.

“The idea of this project, which is aptly named ‘Union 71,’ is based on a mix of commercial, residential and retail units. It will be located exactly above the Dubai Metro’s underground station,” said Ebrahim Al Haddad, director of commercial and development at RTA’s Strategy and Corporate Governance Sector.

“The location is suitable for TOD as the metro, bus and marine stations are in close vicinity. Accordingly, it will serve the purpose of encouraging and easing the mobility of various community members,” he added.

The TOD project at the Union Square will be undertaken by RTA and a private developer selected through a process of a public tender after the assessment of proposals submitted in accordance with the applicable contractual procedures.

“The private developer can mix the operational and commercial experience to accurately define the concept along with the development aspects in accordance with RTA’s vision for the site. The promotional campaign of the project has already started,” said Al Haddad.

“Private firms in the UAE, the region and the world are invited to submit offers that should also include the development of another project called ‘Deira Plaza’, which is to be developed as Rooftop Entertainment Plaza/Café with Car Park. The two projects are just half a kilometre away from each other, forming a synergy for development.”

A view of the Union Metro Station in Deira from the Al Ghurair Investment HQ in Dubai
Gulf News archives

Like Our Facebook Page For Latest News

Source by [author_name]

Visit UAE Top Secrets

The post RTA asks for proposals for Union 71 project in Dubai appeared first on The Wealth Land.

About

Check Also

ebay block buyer

ebay block buyer

all about ebay block buyer how to block buyer eBay. ebay Inc. is an American …

Leave a Reply

Your email address will not be published. Required fields are marked *