Page 156 - SALIK PR REPORT AUGUST 2024

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During the first half of 2024, Salik saw 238.5 million vehicles pass through
its eight toll gates, resulting in Dh1.1 billion in revenues, up by 5.6 per cent
from the same period last year. Revenues from toll usage, comprising 87.1
per cent of total revenue, rose by 4.9 per cent year-on-year to Dh953.8
million.
It recently published new terms and conditions whereby UAE motorists
will face a maximum fine of Dh10,000 per vehicle annually.
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Under the new conditions, the highest aggregate amount of fines related
to the Salik tolling system that may be imposed per vehicle for violation
shall not exceed Dh10,000 in any given calendar year from January 1 to
December 31, it added.

Dh2.73 billion combined value of 2 new gates
On Wednesday, Salik Company said the combined valuation of the two
new toll gates has been valued at a total of Dh2.734 billion.
In a statement published on the Dubai Financial Market website, it said
the Business Bay Gate is valued at Dh2.265 billion and the Al Safa South
Gate is valued at Dh469 million.
Salik will pay RTA for the two new gates over a period of six years starting
from the end of November 2024. The annual instalment will be Dh455.7
million, to be paid in two equal instalments of Dh227.9 million each, every
six months, which will be provided from the company's own financial
resources.
The toll gate operator elaborated that the differences between the
valuation by Salik and the valuation by the Roads and Transport Authority
did not exceed 5 per cent.
Accordingly, as per the terms of the concession agreement, the average of
the two valuations was adopted as the final value for the two new gates, in
line with the concession agreement.
“The launch of the two new gates highlights the commitment of both the
Roads and Transportation Authority and Salik Company to advancing
sustainable mobility solutions and improving Dubai’s transport
infrastructure. These strategic investments underscore our dedication to
sustainable growth and providing more seamless mobility across Dubai by
enhancing travel efficiency and reducing traffic congestion,” said Mattar Al
Tayer, chairman of Salik.
“The new gates will play a crucial role in optimising travel time and
reducing congestion on some of Dubai’s busiest routes,” he added.
“We are thriving in the tolling business and remain focused on
strengthening our core business offering as we expand our footprint
within Dubai,” said Ibrahim Sultan Al Haddad, CEO of Salik.

https://www.khaleejtimes.com/business/2-new-salik-gates-company-to-pay-dh2-73-billion-to-
rta-for-new-toll-gates