IDEAS home Printed from https://ideas.repec.org/a/eee/retrec/v29y2010i1p323-328.html
   My bibliography  Save this article

Private funding and management for public interchanges in Madrid

Author

Listed:
  • Lopez-Lambas, María Eugenia
  • Monzon, Andres

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.

Suggested Citation

  • Lopez-Lambas, María Eugenia & Monzon, Andres, 2010. "Private funding and management for public interchanges in Madrid," Research in Transportation Economics, Elsevier, vol. 29(1), pages 323-328.
    • Handle: RePEc:eee:retrec:v:29:y:2010:i:1:p:323-328
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0739-8859(10)00071-5
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hine, J. & Scott, J., 2000. "Seamless, accessible travel: users' views of the public transport journey and interchange," Transport Policy, Elsevier, vol. 7(3), pages 217-226, July.
    2. Casello, Jeffrey M., 2007. "Transit competitiveness in polycentric metropolitan regions," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(1), pages 19-40, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hernandez, Sara & Monzon, Andres & de Oña, Rocío, 2016. "Urban transport interchanges: A methodology for evaluating perceived quality," Transportation Research Part A: Policy and Practice, Elsevier, vol. 84(C), pages 31-43.
    2. Zhang, Zitao (Arthur) & Durango-Cohen, Pablo L., 2012. "A strategic model of public–private partnerships in transportation: Effect of taxes and cost structure on investment viability," Research in Transportation Economics, Elsevier, vol. 36(1), pages 9-18.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lois, David & Monzón, Andrés & Hernández, Sara, 2018. "Analysis of satisfaction factors at urban transport interchanges: Measuring travellers’ attitudes to information, security and waiting," Transport Policy, Elsevier, vol. 67(C), pages 49-56.
    2. Dacko, Scott G. & Spalteholz, Carolin, 2014. "Upgrading the city: Enabling intermodal travel behaviour," Technological Forecasting and Social Change, Elsevier, vol. 89(C), pages 222-235.
    3. Grotenhuis, Jan-Willem & Wiegmans, Bart W. & Rietveld, Piet, 2007. "The desired quality of integrated multimodal travel information in public transport: Customer needs for time and effort savings," Transport Policy, Elsevier, vol. 14(1), pages 27-38, January.
    4. Clifton, Geoffrey T. & Mulley, Corinne, 2016. "A historical overview of enhanced bus services in Australian cities: What has been tried, what has worked?," Research in Transportation Economics, Elsevier, vol. 59(C), pages 11-25.
    5. de Oña, Juan & Estévez, Esperanza & de Oña, Rocío, 2021. "How does private vehicle users perceive the public transport service quality in large metropolitan areas? A European comparison," Transport Policy, Elsevier, vol. 112(C), pages 173-188.
    6. Lee, Hasik & Park, Ho-Chul & Kho, Seung-Young & Kim, Dong-Kyu, 2019. "Assessing transit competitiveness in Seoul considering actual transit travel times based on smart card data," Journal of Transport Geography, Elsevier, vol. 80(C).
    7. Hickman, Robin & Chen, Chia-Lin & Chow, Andy & Saxena, Sharad, 2015. "Improving interchanges in China: the experiential phenomenon," Journal of Transport Geography, Elsevier, vol. 42(C), pages 175-186.
    8. Buys, Laurie & Miller, Evonne, 2011. "Conceptualising convenience: Transportation practices and perceptions of inner-urban high density residents in Brisbane, Australia," Transport Policy, Elsevier, vol. 18(1), pages 289-297, January.
    9. Nocera, Silvio & Pungillo, Giuseppe & Bruzzone, Francesco, 2021. "How to evaluate and plan the freight-passengers first-last mile," Transport Policy, Elsevier, vol. 113(C), pages 56-66.
    10. Carlos Romero & Clara Zamorano & Emilio Ortega & Belén Martín, 2021. "Access to Secondary HSR Stations in the Urban Periphery: A Generalised Cost-Based Assessment," Sustainability, MDPI, vol. 13(21), pages 1-19, November.
    11. Ilaria Delponte, 2021. "Institutional and Non-Institutional Governance Initiatives in Urban Transport Planning: The Paradigmatic Case of the Post-Collapse of the Morandi Bridge in Genoa," Sustainability, MDPI, vol. 13(11), pages 1-18, May.
    12. Schakenbos, Rik & Paix, Lissy La & Nijenstein, Sandra & Geurs, Karst T., 2016. "Valuation of a transfer in a multimodal public transport trip," Transport Policy, Elsevier, vol. 46(C), pages 72-81.
    13. Carlo Vittorio FIORIO & Massimo FLORIO & Giovanni PERUCCA, 2011. "Consumers’ satisfaction and regulation of local public transport: evidence from European cities," Departmental Working Papers 2011-26, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    14. José Vassallo & Floridea Ciommo & Álvaro García, 2012. "Intermodal exchange stations in the city of Madrid," Transportation, Springer, vol. 39(5), pages 975-995, September.
    15. Joseph DeSalvo & Sisinnio Concas, 2013. "The Effect of Density and Trip-Chaining on the Interaction between Urban Form and Transit Demand," Working Papers 0413, University of South Florida, Department of Economics.
    16. Oostendorp, Rebekka & Gebhardt, Laura, 2018. "Combining means of transport as a users' strategy to optimize traveling in an urban context: empirical results on intermodal travel behavior from a survey in Berlin," Journal of Transport Geography, Elsevier, vol. 71(C), pages 72-83.
    17. Cheng, Yung-Hsiang & Chen, Ssu-Yun, 2015. "Perceived accessibility, mobility, and connectivity of public transportation systems," Transportation Research Part A: Policy and Practice, Elsevier, vol. 77(C), pages 386-403.
    18. Saiyad, Gulnazbanu & Srivastava, Minal & Rathwa, Dipak, 2022. "Exploring determinants of feeder mode choice behavior using Artificial Neural Network: Evidences from Delhi metro," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 598(C).
    19. Aurélie Mahieux & Lucia Mejia-Dorantes, 2017. "Regeneration strategies and transport improvement in a deprived area: what can be learnt from Northern France?," Regional Studies, Taylor & Francis Journals, vol. 51(5), pages 800-813, May.
    20. De Witte, Astrid & Macharis, Cathy & Mairesse, Olivier, 2008. "How persuasive is 'free' public transport?: A survey among commuters in the Brussels Capital Region," Transport Policy, Elsevier, vol. 15(4), pages 216-224, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:retrec:v:29:y:2010:i:1:p:323-328. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/620614/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.