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funds public transport subsidies state

Public Transport subsidies from state funds
#1
Radio Sintonia:

Canary Islands receives more than 47 million euros in subsidies for public transport.

The Council of Ministers, at its meeting today and at the initiative of the Ministry of Transport, Mobility and Urban Agenda (Mitma), has authorized subsidizing this year with 363.7 million euros the public transport of Madrid, Barcelona, Valencia and the Canary Islands. Specifically, the nominative subsidies corresponding to 2023 are granted in favor of the Regional Transport Consortium of Madrid and the Metropolitan Transport Authorities of Barcelona and Valencia, and the Autonomous Community of the Canary Islands.





The amount of this aid to finance the collective transport of metropolitan area has the following breakdown:

Madrid Regional Transport Consortium: 126.89 million euros.
Barcelona Metropolitan Transport Authority: 149.3 million euros.
Metropolitan Transport Authority of Valencia: 40 million euros.
Autonomous Community of the Canary Islands: 47.5 million euros.
The regular transport of passengers in these metropolitan or island areas is characterized by a significant volume of population affected, high intensity of displacements, the participation of several administrations in its management and the impact of its operation on general economic activity and various sectors.

The granting of these subsidies is conditional on having a Sustainable Mobility Plan by the beneficiaries, so that state funding also acts as an incentive for the deployment of this mobility planning instrument.

Aid manager
Mitma manages these subsidies in its capacity as Ministry managing mobility, understood as a right of citizens and an element of social cohesion and economic development, to which are also added the subsidies for competitive competition in favor of Local Entities to finance urban collective transport services, which until 2020 were being managed by the Ministry of Finance.

In addition, this 2023 has been granted more than 325 million euros in aid to autonomous communities and local entities to finance the reduction of 50% of the price of urban and metropolitan collective public transport to recurring travelers.
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