Medellín adding second Tranvía (tram); investor opportunity
Apr 30, 2016 10:27:59 GMT -5
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Post by livinginmedellin on Apr 30, 2016 10:27:59 GMT -5
Medellin is adding its second Tranvía (tram or streetcar) line, along 80, which is west of the river, which will mobilize 192,000 passengers per day in 2020 and will benefit seven comunas along the 13.5 kilometer path. (see possible investor opportunity below). This system will be integrated to the exiting Medellín Metro system in the north with the Caribe metro station and in the south with the Aguacatala metro station. I understand the new tram line will be built out in three phases.
Because of the high investment, the Metro system conducted a study in which researchers compared the costs and benefits of various technologies: tram, monorail and articulated bus and choose the one most suited to the users and the city based on seven criteria.
The first, and perhaps most important, is the coverage of the current and future demand. For example, when the Medellin Metro was planned in the 80s, it was thought to have capacity to cover the expansion of the city in the next 50 years.
The second criterion evaluated what transport mode is more suited to the natural characteristics of the corridor and the technical limitations including availability of space. It also analyzed which technology had more impact and that would make urban development possible very close to transport corridor.
Another criterion is the cost of the infrastructure, operation and maintenance. considering everything, not just the initial investment. The environmental footprint was also taken into account. The tram has less pollution and noise because it is a clean technology that operates using electricity with no emissions of gases or carbon dioxide.
An articulated bus system is cheaper and does not require high technology or infrastructure because it is on the ground. However, it consumes wide lanes, vehicles have a lifespan of 10 years and each moves between 120 and 150 passengers.
Instead, a tramway vehicle can accommodate 300 users, even in the world there are some that accommodate 600, they use fewer drivers, are narrower, and are guided on a rail so they occupy less lane space. The tram also has a useful life of 30 years.
Investor opportunity note – it's interesting that at the end of the El Tiempo article (link below) it says that housing prices have doubled along Medellín’s first Tranvía line (Ayacucho) that opened in October last year and runs East from the San Antonio metro station in El Cento. So there likely will be housing price appreciation along Medellín's second tram line as well once it's built.
The Ayacucho tram line that started operation last year is impressive and also will link to two new cable car lines being added to poor neighborhoods in the East part of the city. The increase in housing prices along this line isn't surprising as the new tram line made the area a more attractive place to live and there has been noticeable investment along the tram line.
See: www.eltiempo.com/colombia/medellin/el-tranvia-de-la-80-renovara-el-occidente-de-la-capital-paisa/16577194
Because of the high investment, the Metro system conducted a study in which researchers compared the costs and benefits of various technologies: tram, monorail and articulated bus and choose the one most suited to the users and the city based on seven criteria.
The first, and perhaps most important, is the coverage of the current and future demand. For example, when the Medellin Metro was planned in the 80s, it was thought to have capacity to cover the expansion of the city in the next 50 years.
The second criterion evaluated what transport mode is more suited to the natural characteristics of the corridor and the technical limitations including availability of space. It also analyzed which technology had more impact and that would make urban development possible very close to transport corridor.
Another criterion is the cost of the infrastructure, operation and maintenance. considering everything, not just the initial investment. The environmental footprint was also taken into account. The tram has less pollution and noise because it is a clean technology that operates using electricity with no emissions of gases or carbon dioxide.
An articulated bus system is cheaper and does not require high technology or infrastructure because it is on the ground. However, it consumes wide lanes, vehicles have a lifespan of 10 years and each moves between 120 and 150 passengers.
Instead, a tramway vehicle can accommodate 300 users, even in the world there are some that accommodate 600, they use fewer drivers, are narrower, and are guided on a rail so they occupy less lane space. The tram also has a useful life of 30 years.
Investor opportunity note – it's interesting that at the end of the El Tiempo article (link below) it says that housing prices have doubled along Medellín’s first Tranvía line (Ayacucho) that opened in October last year and runs East from the San Antonio metro station in El Cento. So there likely will be housing price appreciation along Medellín's second tram line as well once it's built.
The Ayacucho tram line that started operation last year is impressive and also will link to two new cable car lines being added to poor neighborhoods in the East part of the city. The increase in housing prices along this line isn't surprising as the new tram line made the area a more attractive place to live and there has been noticeable investment along the tram line.
See: www.eltiempo.com/colombia/medellin/el-tranvia-de-la-80-renovara-el-occidente-de-la-capital-paisa/16577194