Performance Of The High Speed Rail In Spain In The Context Of The New Regulation Framework. Evidence From The Madrid-Seville Hsr Corridor

Abstract

The ambitious planned development of the high-speed rail (HSR) network in Spain requires the implementation of new sector regulations to fully achieve its objectives, namely to make the sector more competitive and to promote a more balanced and efficient transport system. For this purpose, the Spanish administration recently launched the new Rail Sector Act (39/2003), on a national regulatory framework. The planned liberalisation process foresees the end of the monopoly of the Spanish state operator RENFE, opening up passenger transport to new rail operators by 2010. On a European level, this new regulatory framework comes in line with EU’s concerns both on transport service performance and on infrastructure development. On the one hand, European regulations have focused in measures to guarantee quality of service, equal access and effective competition market rules. On the other, the relevance of the development of HSR projects in the Iberian peninsula is proved with their inclusion among the priority projects of the trans-European networks (TEN).