Observatorio de I+D+i UPM

Memorias de investigación
Communications at congresses:
Private Funding of Intermodal Exchange Stations in Urban Areas: Case of Madrid, Spain.
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
Congress
Transportation Research Board Annual Meeting 2009.
960
Place
Washington
Reviewers
Si
ISBN/ISSN
9780309126298
Start Date
11/01/2009
End Date
15/01/2009
From page
20
To page
26
Transportation Research Record: Journal of the Transportation Research Board.
Participants
  • Co-Autor: Arturo Oliver
  • 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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