Journal Article

Intermodal exchange stations in the city of Madrid

García, Álvaro, Vassallo, José Manuel, Di Ciommo, Floridea

2012

Overview

The City of Madrid is putting into operation Intermodal Exchange Stations (IESs) to make connections between urban and suburban transportation modes easier for users of public transportation. The purpose of this article is to evaluate the actual effects that the implementation of IESs in the City of Madrid has on the affected stakeholders: users, public transportation operators, infrastructure managers, the government, the abutters and other citizens. We develop a methodology intended to help assess the welfare gains and losses for each stakeholder. Then we apply this methodology to the case study of the Avenida de América IES in the city of Madrid. We found that it is indeed possible to arrive at win – win solutions for the funding of urban transportation infrastructure, as long as the cost-benefit ratio of the project is high enough. Commuters save travel time. Bus companies diminish their costs of operation. The abutters gain in quality of life. The private operator of the infrastructure makes a fair profit. And the government is able to promote these infrastructure facilities without spending more of its scarce budgetary resources.

• Publisher: Springer US,Springer,Springer Nature B.V
• Subject: Applied sciences / Buildings / Buildings. Public works / Buses / Case studies / Cities / Economic Geography / Economics / Economics and Finance / Engineering Economics / Exact sciences and technology / Expenditures / Fares / Funding / Government / Ground, air and sea transportation, marine construction / Information technology / Infrastructure / Innovation/Technology Management / Logistics / Market shares / Marketing / Metropolitan areas / Modal exchange / Operation costs / Operators / Organization / Population density / Public facilities (municipal, law court, etc.) / Public transport / Public transportation / Public works / Public-private partnership / Public–private-partnerships / Quality of life / Regional government / Regional/Spatial Science / Spain / Stakeholders / Stockholders / Studies / Suburban areas / Subways / Transport / Transport costs / Transportation planning, management and economics / Types of buildings / Urban areas / Urban transport / Urban transportation / Welfare