Observatorio de I+D+i UPM

Memorias de investigación
Research Publications in journals:
Public Transport Funding Policy in Madrid. Is there room for improvement?
Year:2009
Research Areas
  • Transport
Information
Abstract
Public transport policy in the Madrid Metropolitan Area is often deemed as a success. In 1985, an important reform was carried out in order to create a new administrative authority to coordinate all public transport modes and establish a single fare for all of them. This reform prompted a huge growth in public transport usage, even though it reduced the funding coverage ratio of the transport system. Since then, Madrid's public transport system has been undergoing an increasing level of subsidization, which might jeopardize the financial viability of the city public transport system in the future. In this paper, we present a detailed analysis of the evolution of the public transport funding policy in Madrid in recent years. We found that the increasing level of subsidy can hardly be explained on the basis of equity issues. Moreover, we claim that there is still room for a funding policy that makes the efficiency of the system compatible with its financial sustainability.
International
Si
JCR
Si
Title
TRANSPORT REVIEWS
ISBN
0144-1647
Impact factor JCR
0,819
Impact info
Volume
29
10.1080/01441640802383214
Journal number
2
From page
261
To page
278
Month
MARZO
Ranking
Participants
  • Autor: Pablo Pérez de Villar Cruz (Universidad Politécnica de Madrid)
  • Autor: Ramón Muñoz-Raskin (Sustainable Development Department, Latin America and the Caribbean Region, Transport Cluster, The World Bank, Washington, DC, USA)
  • Autor: Jose Manuel Vassallo Magro (UPM)
  • Autor: Toms Serebrisky (Sustainable Development Department, Latin America and the Caribbean Region, Transport Cluster, The World Bank, Washington, DC, USA)
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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