Page 287 - 360.revista de Alta Velocidad - Nº 6
P. 287
Urban Regeneration on railway lands
Country City Project Name Size
France Paris La Defense 31 Ha
UK London Canary Wharf 46 Ha
EEUU New York Hudson Yards 11 Ha
Australia Perth Perth City Link 14 Ha
Italia Milan Porta Nuova 29 Ha
UK London Kings Cross 27 Ha
Madrid Distrito Castellana Norte 311 Ha 2
Valencia Valencia Parque Central 60 Ha
Zaragoza Zaragoza Alta Velocidad 107 Ha
Gijón Gijón al Norte 17 Ha
España Barcelona Barcelona Sagrera 149 Ha
Logroño Logroño Integración del Ferrocarril 22 Ha
Valladolid Valladolid Alta Velocidad 100 Ha
Alicante Alicante Alta Velocidad Nodo del Transporte 47 Ha
Murcia Murcia Alta Velocidad 21 Ha
(2)
Table 1: Size of Urban Regeneration Projects
Source: Own elaboration
In Spain, the sponsors carrying out this type of Projects are mostly public, except for the
one of Madrid, which is nowadays private initiative (under negotiation), but not in other
international operations. Although they have needed to rely with the Public Administration
support, the initiative and funding in this kind of Projects is mostly private. The main reason
for the slowing of the Spanish projects has been the financial and Real Estate crisis, and the
impossibility of raising the indebtedness of the Public Companies, due to belonging to the
Public Administration sector; this would increase the National Public Deficit. But the similar
Projects analyzed in New York, Perth, or Milan, that were also carried out during the same
global financial crisis, has gone ahead basically for one reason: to have assured external
financing. 3
2 Under currently negotiation.
3 In many cases, initial investors have now left the Project after completion of urban development such as Milan, where the new
district was acquired in 2015 by the Qatar Investment Authority (2.000M€) thanks to the good expectations of the regenerated
district.
International Congress on High-speed Rail: Technologies and Long Term Impacts - Ciudad Real (Spain) - 25th anniversary Madrid-Sevilla corridor 285
