Summary - TST 39

TRANSPORTES, SERVICIOS Y TELECOMUNICACIONES

José Luis HERNÁNDEZ MARCO
The impact of the underground on the Basque railways: Metro Bilbao, S.A. versus EuskoTren, S.A., 1995-2016

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Key Words: railroads, metropolitans, public companies, infrastructures, Economic History.

[ Abstract ]

The paper, after introducing the transfer of the railways to the Basque institutions in 1978 and the creation of the Vizcaya Transport Consortium in 1974 and the institutional-business framework that will manage, both the railways transferred and the construction and management of the future Metro de Bilbao, in Section 2 present, for the first time, the detailed financing of its construction in the period 1987-2014, for in Section 3, analyze the period of coexistence of the two companies managing the services, between 1996 and 2016, Eusko Trenbideak (EuskoTren) SA and Metro Bilbao S.A. Section 4 analyzes the profitability and productivity, with the consolidated accounts, of Euskotren (plus ETS since 2005) and of the CTB-Metro Bilbao, of each company in time, 1994, 1997 and 2016 that of Euskotren and 1997 and 2016 for Metro Bilbao, as a direct comparison between them in these last two dates. The work ends with some conclusions.