Thursday, March 26, 2015

The AVE is not profitable “either economically or socially” according to a … – Yahoo Finance Spain

No line will cover half of what it cost construction with paying travelers

MADRID, 26 (EUROPA PRESS)

The revenue is calculated generate travelers railway high speed lines will not reach to cover and write off half of public resources invested in its construction, even in the corridor with higher demand, as is the Madrid-Barcelona.

This is indicated by a study by Fedea, which concludes that “the AVE is neither efficient nor profitable, financially or socially” that generates duplication and overcapacity “.

“We have enormous public resources destined for waste transport and that does not solve a problem,” summarized the coordinator of infrastructure Fedea and professor, Ginés de Rus, during exposure study ‘Financial Accounting and Social of High Speed ​​in Spain ‘by Ofelia Betancor and Gerard Llobet.

The study, following a screening of four runners AVE in the next fifty years indicates that the income expected to generate the AVE Madrid Barcelona will cover 45.9% of the cost of construction and maintenance.

In particular, the report predicts that this AVE generate revenues of 5094.9 million in the next fifty years, compared with 7541.22 million that has cost its construction and the 1630.52 million representing its maintenance.

In this way, users of this corridor trains only cover what they pay for their tickets EUR 45.9 every hundred that cost the infrastructure, “fall on taxpayers.”

The percentage of cost recovery of the AVE to Barcelona drops to 11.37% for the corridor AVE Andalusia and 9 , 6% in the AVE to Levante. The Northern Corridor throws even a negative rate of 1.41%, which implies that its operation requires public subsidies.

The study also quantifies the social benefit that can generate infrastructure, based on factors such as savings weather and environmental benefits, to conclude that the AVE not approved.

So, indicates that the AVE to Barcelona, ​​these social benefits cover 79.6% of the construction cost. For the AVE to Andalusia cover 45% in the AVE to Raise 42.54% and the Northern Corridor, 19%.

CANALIZA ONLY 4% OF INTERSTATE TRAVEL.

The representative of Fedea considers the fact that the railroad channeled only 4% of all intercity passenger traffic compared to other modes of transport, and that according to his data, the AVE only ‘robe’ rating the airplane from the moment he dropped the price of the ticket, evidence considering the study of the High Speed ​​”is neither efficient nor cost-effective and does not solve any particular problem of mobility, since only replaces the plane.”

According to the data presented, “the whole of Spain AVE network, with its 3,100 kilometer is the second largest in the world behind China, sum them only online community that AVE in France (Paris -Lyon, which has 25 million users) and a fifth of those who use the Tokyo-Osaka (130 million passengers) line. “

” No nothing would have happened if it had not concluded ” said Professor Ginés de Rus, which attributes all to the absence of a policy of infrastructure planning in Spain

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