Madrid continues the EUR 6 billion urban regeneration plan

Image of the ”Madrid Nuevo Norte” project

Spanish Development Minister José Luis Ábalos transferred back to the Council of Madrid the Development Group’s support for the ”Madrid Nuevo Norte” project, which provides for urban regeneration in the northern area of the Spanish capital. The project will generate 4,000 direct and indirect jobs and will benefit from EUR 6 billion of investment.
Minister Ábalos says that the plan includes, among other things, the remodelling of the Chamartín train station so that it becomes a multimodal transport hub, national and international. A number of other measures provide for a better connection and consolidation of urban transport on the north-south axis in Madrid.
Thus, Chamartín railway station will be connected to all municipalities in the region via public transport (underground, tram and suburban networks) and will become a significant center of connectivity through the conventional and high-speed rail network as well as via a future direct connection with Barajas Airport.
Currently, the national railway infrastructure manager, ADIF, analyses various connection options between Barajas Airport and the railway station. ADIF also said that it is working to establish a direct link between Chamartín and Atocha railway stations.
Chamartín train station is the second most important, in Madrid, after the Atocha train station. Chamartín provides rail links between the capital and north-west of Spain.
Madrid authorities say it will be one of the largest sustainable urban development projects in Europe.

Photo: City Council of Madrid


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