Observatorio de I+D+i UPM

Memorias de investigación
Research Publications in journals:
Private funding intermodal exchange stations in urban areas: The case of Madrid.
Year:2009
Research Areas
  • Transport
Information
Abstract
Many municipal governments are seeking ways to promote the use of public transportation in urban areas through investments in new infrastructure. However, budgetary constraints are often an important obstacle to these undertakings. This paper describes the case in Madrid, Spain, of funding intermodal exchange stations with private capital through the concession approach. It is possible to fund urban transport infrastructure in such a way that private profit and social benefit converge. This paper shows that the construction of intermodal exchange stations in Madrid yields important social benefits to all the stakeholders: commuters save travel time, bus companies diminish their costs of operation, abutters gain in quality of life, and society benefits from a reduction of emissions. Simultaneously, the government is able to promote these infrastructure facilities without spending more of scarce budgetary resources. In recognition of these advantages, this paper makes some suggestions for improving upon the present approach.
International
Si
JCR
Si
Title
TRANSPORTATION RESEARCH RECORD
ISBN
0361-1981
Impact factor JCR
0,259
Impact info
Volume
1
10.3141/2115-03
Journal number
2115
From page
20
To page
26
Month
DICIEMBRE
Ranking
Participants
  • Autor: Arturo Oliver (Universidad Politécnica de Madrid)
  • Autor: Floridea Di Ciommo . (UPM)
  • Autor: Jose Manuel Vassallo Magro (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Investigación en Planificación del Transporte
  • Centro o Instituto I+D+i: Centro de Investigación del Transporte
  • Departamento: Ingeniería Civil: Transportes
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