Abu Dhabi to raise $109 million a year from new road toll - Reuters:
Abu Dhabi, the oil rich capital of the United Arab Emirates (UAE), expects to collect 400 million dirhams ($109 million) a year from a road toll to be introduced on Oct. 15, an official said on Thursday.
Abu Dhabi said it was to start charging the toll after a prolonged period of lower oil prices during which a federal value added tax (VAT) of 5% has been introduced.
“We expect 400 million dirhams per annum of revenues from this and we expect to invest back,” Ibrahim Sarhan al-Hamoudi, acting executive director of surface transport at Abu Dhabi’s Department of Transport told reporters.
No comments:
Post a Comment