X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MADRID-The Spanish government has launched a 249-billion-euro ($300-billion) transport strategy that will link provincial towns through a network of rail and freeways. By extension, the strategy would make accessible a major new wave of development.

Prime Minister José Luis Rodríguez Zapatero says the 15-year plan will pave the way for high-speed travel between the country’s provincial capitals by road or rail without having to go through Madrid. He adds that the program would give Spain one of the “most advanced” infrastructure networks in Europe and would in turn boost the domestic economy.

Zapatero described the Strategic Infrastructure and Transport Plan as the “biggest effort” ever to be made in Spain to boost the country’s rail and road network. The plan calls for a massive development of rail, roads, airports and ports. The objective is to ensure that 94% of the country will be within 30 kilometers of a freeway and 90% of the population will have access to a high-speed rail connection within 50 kilometers of their homes when the program is complete in 2020.

Nearly half the funds will go to railways, including expanding and improving links with Europe. A little more than a quarter of the marked capital will be spent on expanding the road network. The biggest improvements are expected in the regions of Teruel, Ciudad Real, Salamanca, Cuenca, Soria, Zamora and Cáceres.

A government spokesperson said that the infrastructure program will “open up provincial capitals for development. Most of the major development in Spain has been in Madrid. This will open up the possibility of spreading the country’s wealth to smaller cities.” The cabinet is expected to approve the measures on Friday.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.