Real Madrid to Build and Operate Two Public Parkings in Madrid

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The real Madrid will be the one to build the two large public car parks planned by the Madrid City Council next to the Santiago Bernabéu. The white club was the only company that submitted to the competition and the company Real Madrid Estadio SL will operate these car parks for the next 40 years.

The SER has explained the business that the white club will do with these parking lots. “The business plan that the entity has presented establishes profits of between 2.4 million euros before taxes in the first year of the concession and 10.6 million in 2063, bringing total income to 326 million of euros in 40 years. This means that Real Madrid will multiply by 3 the investment it has to make, which is around 100 million,” explains the SER website, adding that “the figure is far from what it will receive the City Council for the construction of these car parks, 6 million euros as a fee, at a rate of 150,000 euros per year that the white club will have to pay”.

Furthermore, the SER explains that the white club “the number of spaces that will include parking has increased by 10%. The City Council had set a total of 1,667 but in the end there will be 1,846 spaces. The entity also includes in the details of its offer a forecast for holding events, more than 56 per year and indicates that in these cases it is expected that parking occupancy will not exceed 26%.”

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On this matter, the station refers to sources from the City Council Mobility Area that “they assure that the minimum fee that has been set in the tender is 2 million euros throughout the concession (50,000 euros per year) but “it is a value to be increased in the bid of the successful bidder,” explains the website of the BE. Real Madrid sets the value of this fee at 150,000 euros per year and adds 2.3 million euros per year for the maintenance of the infrastructure.

The mayor of MadridJosé Luis Martínez-Almeida, has spoken about this matter. “If the bid that has been presented is finally awarded, there will be an investment in the city of Madrid of 90 million euros in the construction of two parking lots and a tunnel that will connect Paseo de la Habana with Padre Damián, of which the “75% of the spaces, for example in the Padre Damián parking lot, will be for residents,” the mayor said.

Almeida has ensured that the benefits that the real Madrid It is “a hypothesis based on what happens with the exploitation of the parking lots.” “The operation is good for the city of Madrid, as was the approval of the Special Plan by Manuela Carmena’s Government team, which is what allows all these types of shows to be held. Our obligation is to improve,” he stated.

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