Spain

Vicente Alcaraz Carrillo de Albornoz and Juan Molina Millán

Chapter 9 in Handbook on Public–Private Partnerships in International Infrastructure Development, 2024, pp 246-275 from Edward Elgar Publishing

Abstract: Spain is marked by significant decentralization. Its legal infrastructure regarding public-private partnerships (PPPs) shows remarkable flexibility and thorough detailing. As part of the “Madrid Road Plan 2002-2009,” the Regional Government of Madrid strategically outlined the construction of a new 12.5 km toll road. The primary goal of this initiative was to establish a connection between two radial roads, R-3 (a PPP project with the Central Government as Granting Authority) and M-224 (a road managed by the Regional Government). With a projected CAPEX of 80 million EUR (VAT included) in 2004, the construction timeline was set at 32 months. The venture faced numerous challenges, notably the failure to secure permits for linking the MP-203 to the R-3 highway. A lot of money was spent, with the infrastructure never becoming operational. Early termination resulted in an unconnected road with no users and an impending significant final payment owed to the concessionaire. The first case considered, providing Healthcare Facilities for the Region of Madrid 2004-2007 was a successful PPP project developed in Spain.

Keywords: Business and Management; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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