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The Madrid Regional Ministry of Transport will invest 3.5 billion euros over the next five years to improve the region's transport network

| News | Public and Regulatory Law

Andersen analyses the main challenges and projects of the transport policy of the Community of Madrid in a seminar with the Regional Minister of Transport and Infrastructure of the Community of Madrid, David Pérez García

The Regional Minister of Transport and Infrastructures of the Community of Madrid, David Pérez García, announced that the Department plans to invest 3.5 billion euros over the next five years to improve the capital's transport network, which he described as "the most powerful in Spain".

Andersen organised the conference "Present and future of mobility, transport and infrastructures in the Community of Madrid", with the participation of David Pérez García, Regional Minister of Transport and Infrastructures of the Community of Madrid, who explained the keys and the main challenges and projects of the Community's transport policy. The meeting was also attended by José Vicente Morote, Managing Partner of Andersen, Pedro Rubio, Andersen Partner in the Public and Regulatory Law Department, and Santiago Fernández Lena, Partner in the Commercial Law Department, all of whom form part of the firm's Transport, Mobility and Logistics Group.

During the inauguration, José Vicente Morote and Pedro Rubio highlighted Andersen's firm commitment to the transport sector, one of the firm's main areas of expertise. Both also thanked the Director for his participation in the event.

During his speech, David Pérez García, who thanked Andersen for inviting him to this conference, stressed that "the backbone concept of the transport policy of the Community of Madrid is freedom", which implies "offering quality alternatives to citizens so that they can organise themselves and decide how, when and where to travel". In this sense, he explains that the responsibility of the Regional Ministry as an institution lies in "establishing alternatives and breaking down obstacles".

The Minister also stressed that the main linchpins of Madrid's mobility are "territorial structuring, sustainability, innovation and competitiveness", essential aspects for achieving the great objective of "turning Madrid into a major logistic hub in southern Europe".

Another of the important aspects he highlighted is that Madrid's transport "is highly subsidised", with fares that have been frozen for nine years, which means "great savings for families", together with other measures such as the youth travel card "at a very reasonable price".

Regarding future projects, David Pérez García said that three extensions of metro lines are planned, including line 11, which "will become the great diagonal line of Madrid", as well as the creation of the new Madrid Nuevo Norte line in the heart of the capital's financial district. The four new transport hubs at Chamartín, Valdebebas, Conde de Casal and Legazpi, essential services to promote intermodality, will also be built.

Finally, regarding the recent approval regulating PHVs in Madrid, the Councillor argued that it is "a necessary regulation that will be accompanied by other measures in the sector so that all means of transport can coexist and provide the service that the Community of Madrid needs".

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