Dubai to sell future Salik receipts to finance projects - The National

Dubai is to raise US$800 million (Dh2.93 billion) by selling future receipts from road tolls to finance infrastructure projects across the emirate.

The receipts will be packaged into securities and sold to investors.

"This shows the Government is thinking outside the box about how to raise money and should be perceived positively by the market," said Chavan Bhogaita, the head of credit research, international capital markets, for National Bank of Abu Dhabi (NBAD).