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Public Transport Funding Policy in Madrid: Is There Room for Improvement?

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  • José Manuel Vassallo
  • Pablo Pérez De Villar
  • Ramón Muñoz‐Raskin
  • Tomás Serebrisky

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.

Suggested Citation

  • José Manuel Vassallo & Pablo Pérez De Villar & Ramón Muñoz‐Raskin & Tomás Serebrisky, 2008. "Public Transport Funding Policy in Madrid: Is There Room for Improvement?," Transport Reviews, Taylor & Francis Journals, vol. 29(2), pages 261-278, July.
    • Handle: RePEc:taf:transr:v:29:y:2008:i:2:p:261-278
    DOI: 10.1080/01441640802383214
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    Citations

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    Cited by:

    1. Drevs, Florian & Tscheulin, Dieter K. & Lindenmeier, Jörg & Renner, Simone, 2014. "Crowding-in or crowding out: An empirical analysis on the effect of subsidies on individual willingness-to-pay for public transportation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 250-261.
    2. Antonio García-Ferrer & Marcos Bujosa & Aránzazu de Juan & Pilar Poncela, 2006. "Demand Forecast and Elasticities Estimation of Public Transport," Journal of Transport Economics and Policy, University of Bath, vol. 40(1), pages 45-67, January.
    3. Santos, Georgina & Behrendt, Hannah & Teytelboym, Alexander, 2010. "Part II: Policy instruments for sustainable road transport," Research in Transportation Economics, Elsevier, vol. 28(1), pages 46-91.
    4. Burguillo, Mercedes & Romero-Jordán, Desiderio & Sanz-Sanz, José Félix, 2017. "The new public transport pricing in Madrid Metropolitan Area: A welfare analysis," Research in Transportation Economics, Elsevier, vol. 62(C), pages 25-36.
    5. José Vassallo & Floridea Ciommo & Álvaro García, 2012. "Intermodal exchange stations in the city of Madrid," Transportation, Springer, vol. 39(5), pages 975-995, September.

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