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Urban Regeneration on railway lands

4. The Rail‐Urban Integration Societies (SIF)

As a result of these Public Agreements, Rail‐Urban Integration Companies were created. These
Companies are corporations with 100% public capital, in which Ministry of Public Works owns
50%, the City Council have 25% and the Autonomous Community with the other 25%.

These Societies were created to be the drivers behind the railway transformation and urban
redevelopment, coordinating three public administrations involved, from the perspective of
the self‐financing based on the capital gains of the disused lands.
The Companies could also use the necessary financing channels in order to solve the financial
gap generated by the large initial infrastructures investments needed to make possible to obtain
future Real Estate incomes.

Rendering of Urban Planning solutions proposed for, Valencia (up) and Alicante (below)

5. Change of scenery

Over the past 15 years, the “story” has changed so much due to many obstacles and setbacks
that happed along the way, and have made the square of the circle has not been so easy.

The first one was the Spain Real Estate bubble that between 1998 and 2007 caused land and

International Congress on High-speed Rail: Technologies and Long Term Impacts - Ciudad Real (Spain) - 25th anniversary Madrid-Sevilla corridor 281