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PPP approach in the public transport sector: the example of the intermodal exchange stations in Madrid
Research Areas
  • Transport
Many public transport authorities are seeking new ways to promote the use of public transport in urban areas through investing in new infrastructure. However, budgetary constraints are often an important obstacle to these undertakings. This paper describes the case study of funding Intermodal Exchange Stations (IESs) by means of public private partnership in Madrid. Intermodal Exchange Stations (IESs) are infrastructure facilities connecting urban and suburban transport modes in an easier way for the users. The purpose of this paper is to evaluate the actual effects that the implementation of IESs in the City of Madrid through a PPP has on the affected stakeholders: users, public transportation operators, concessionaire and government, and the rest of the society. We find that through the construction of an IES by a PPP it is indeed possible to arrive to solutions for the funding of urban public transport infrastructure in which private profit and social benefit converge. Commuters save travel time and use better their transfer time. By using the IES, bus companies reduce operation costs. The concessionaire receives revenues generated mainly by fees that urban buses (EMT), regional buses and interregional coaches?also privately operated?pay for using the IES, and by the commercial rents paid by shops and cafeterias inside the IES. The abutters gain in quality of life, society in general benefits from a reduction of emissions, and the government is able to promote these infrastructure facilities without recurring to its budgetary resources.
Symposium. PPP in Transport: Trends & Theory
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  • Autor: Jose Manuel Vassallo Magro (UPM)
  • Autor: Floridea Di Ciommo . (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Planificación del Transporte
  • Centro o Instituto I+D+i: Centro de Investigación del Transporte
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