Page 375 - 360.revista de Alta Velocidad - Nº 5
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Economic, geographical and time-based exclusion as main factors inhibiting Spanish users from choosing High
                   Speed Rail



                       and the longest in Europe (MAEC, 2013), with around 3,100 km of HSR lines in operation (see Figure
                   1). The service of HSR in Spain –known as AVE, Alta Velocidad Española– is operated by RENFE
                   Operadora, the Spanish national railway company. Since 2005, AVE trains run on a HSR network
                   owned and managed by ADIF, the public company in charge of the management of most of the
                   Spanish railway infrastructure. Although RENFE Operadora is the only company operating the
                   high-speed trains nowadays (CNC, 2013), private companies may be allowed to operate trains
                   in the future, in accordance with the EU legislation. It is envisaged that the Madrid-Valencia
                   corridor will be the first case to introduce competition in the HSR services in the country.
                   Figure 1. Spain´s HSR network as of May 2016, and annual passengers in the main
                   AVE lines for 2012. Source: El País (2016)










































                   During  the  last 20  years, the  Spanish  high-speed  network  has rapidly developed  no matter
                   whether there was sufficient demand to justify the construction of new lines. The expansion of
                   this network has been considered in the last National Transport Plans as an essential element
                   to promote social and territorial cohesion among territories. Indeed, one of the traditional
                   objectives established in the transport agenda by previous governments has been linking the
                   capitals of the 47 provinces in the peninsula by both high capacity roads and high speed rail
                   services.
                   As a consequence of this policy the system is characterized by a reduced economic feasibility,
                   and the suitability of the investments in the Spanish HSR has been strongly questioned in several
                   occasions (see for instance De Rus, 2012 or Albalate, et al., 2011). Recently, Betancor, et al.
                   (2015)  analysed  the  economic  feasibility  of the  Spanish  HSR  and  found that  only operating
                   costs were covered, so they concluded that the investment was not profitable neither from a
                   financial nor from a social point of view.
                   The first high-speed line was opened in 1992, connecting the cities of Madrid, Córdoba and



                   International Congress on High-speed Rail: Technologies and Long Term Impacts - Ciudad Real (Spain) - 25th anniversary Madrid-Sevilla corridor  373
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