Commerical Bank of Dubai
Dubai to raise $800m for projects
Fri, 2011-04-08 08:51 — newsdeskDubai’s Department of Finance has developted a plan to raise $800 million. It wants to monetize road toll receipts. The aim is to fund infrastructure projects.
A six-year financing could support the Roads and Transport Authority’s infrastructure projects.
Th main arrangers and book-runners for the financing are: Citibank, Commerical Bank of Dubai, Emirates NBD and Dubai Islamic Bank.
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