Spot gold was trading at $2,647.15 per ounce, down 0.14 per cent
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The Roads and Transport Authority (RTA) announced that 80 per cent of construction works on the tunnels have been completed, with the additional roads expected to improve traffic flow in the emirate.
Mattar Al Tayer, chairman of the board and executive director of the RTA, said: “The construction of Rashid Hospital Tunnels is part of a master plan aimed to ease the traffic congestion in the vicinity of Rashid Hospital and step up the traffic flow in the area. Upon the project completion, the capacity of roads within the scope of the project is set to rise to as much as 6,000 vehicles per hour.”
He added: “The project comprises the construction of roads and two tunnels, each comprising two lanes, serving the traffic inbound from Tariq bin Ziyad and Umm Harir Streets and heading towards the intersection of Al Riyadh Street with the extension of the Floating Bridge.”
The RTA has undertaken several projects in Bur Dubai to eliminate tailbacks and enhance roads capacity to keep pace with the urbanisation and traffic growth rates.
One of the projects included the widening of Al Maktoum Bridge from nine to 11 lanes, and the streets in the approaches of the bridge from two to three lanes to handle the traffic inbound from Umm Harir Street; a step which has increased the vehicular capacity and eased the traffic congestion in the traffic inbound from Shaikh Zayed Road in the direction of Deira. Improvements and widening of the bridge works also included increasing the number of lanes in the direction from Deira to Bur Dubai from four to six lanes along the Bridge.
Tunnel specifications
Additional project specifications:
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