Private funding and management for public interchanges in Madrid

López Lambas, María Eugenia and Monzón de Cáceres, Andrés (2010). Private funding and management for public interchanges in Madrid. "Research in Transportation Economics", v. 29 (n. 1); pp. 323-328. ISSN 0739-8859. https://doi.org/10.1016/j.retrec.2010.07.041.

Description

Title: Private funding and management for public interchanges in Madrid
Author/s:
  • López Lambas, María Eugenia
  • Monzón de Cáceres, Andrés
Item Type: Article
Título de Revista/Publicación: Research in Transportation Economics
Date: January 2010
ISSN: 0739-8859
Volume: 29
Subjects:
Freetext Keywords: Interchanges; Public–private partnership; PT stakeholders participation
Faculty: E.T.S.I. Caminos, Canales y Puertos (UPM)
Department: Ingeniería Civil: Transportes [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

Interchanges are key elements for improving seamless mobility in metropolitan areas where multi-stages trips are increasing. Interchange facilities make transfers short, easy and comfortable, and therefore Public Transport (PT) trips became more attractive and competitive. However, good quality interchanges are rather expensive, especially with regard to construction and operation. The solution launched in Madrid was a public–private scheme where all stakeholders involved play a key role. The first experience was Avenida America Interchange in the border of Madrid CBD, which opened in 2000. The construction was carried out through a Build and Operate and Transfer (BOT) tender. Three public bodies were involved: Municipality, Regional Government and Public Transport Authority. The concessionaire was a company constituted by a transport operator, several construction companies and a national bank. The revenues came from a fee which pays every bus using the facility, some shops, two parking lots, and other business. This positive experience has been extended to the construction of four new interchanges that were inaugurated in the years 2007 and 2008

More information

Item ID: 6991
DC Identifier: http://oa.upm.es/6991/
OAI Identifier: oai:oa.upm.es:6991
DOI: 10.1016/j.retrec.2010.07.041
Official URL: http://www.sciencedirect.com/science/journal/07398859
Deposited by: Memoria Investigacion
Deposited on: 19 May 2011 08:18
Last Modified: 20 Apr 2018 18:03
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