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25/07/2011

Financing of a Toll Road in Dubai

  • Salik
WestLB Düsseldorf has closed the financing for the “Salik Toll Collection” in Dubai. The Bank participated as Mandated Lead Arranger in the financing of approximately USD 800 million structured by Citigroup, Commercial Bank of Dubai, Dubai Islamic Bank and Emirates NBD for the Department of Finance Dubai (DOF) and the Road and Transport Authority Dubai (RTA). The financing comprises a Structured Term Loan to fund future toll revenues.

The Salik Toll Collection System uses state-of-the-art technology for a smooth operation of traffic processes. For example, there are no stationary toll gates to hamper the traffic flow, thereby enabling traffic to pass through without interruption. In this connection Radio Frequence Identification (RFID) technology is employed to ensure an automated payment process. The Salik Toll Collection System is operated within the city boundary of Dubai on the Sheikh Zayed Road, which begins on the border with Saudi Arabia and passes Abu Dhabi via Dubai and Sharjah to Ras Al Khaimah.

RTA is responsible for the planning and provision of all services in the field of transport, road construction and traffic in Dubai as well as the region between Dubai and other neighbouring emirates of the UAE. The strategic aim is to provide an efficient and integrated transport system in order to support the long-term goals of Dubai on a sustainable basis.

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Julia Runkel Marketing Corporate Clients & Specialised Finanance
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