The "real budget" is st that does not affect the people of Madrid, but the private companies that are involved. If they spend more, less or whatever, that will be their share holders problem.
It'll probably inflate somewhat, but Spain is actually surprisingly good at keeping infrastructure costs in check. So I'd say more like 10bn. As an example of this: Spain's *entire* Highspeed rail network (which at present connects Madrid, Barcelona, Valencia, Sevilla, and Zaragoza along with minor cities in the middle) has cost less than the 1 line they are still building in California.
total bullshit xD !!! before this happens, Spain falls into a Civil War. You have no fucking idea about Spain. Actually its one of the major capitals for Fascísm and also probably some of the most brilliant progressives. Europes downfall will be among Spains switch to the far right, were it has always been, despite the appearance of democrátic normality, it is doomed to only get worse. The mafia has all power among judges. Decades until anything is positive tovards sustainable progress. No progress is possible, it will be always sabotaged.
@@mrlover4310 Abey chaman,India has far huge capacity to develop than this. Indian Central government has spend 233 billion USD in giving direct funds and food to poor after pandemic. India spend more than 100 billion USD in highways every year. Nagpur Mumbai highway cost 55 thousand crore,that's 7 billion USD. Metro budget in mumbai cost over 10billion USD. Metro's are build in all major cities in India Seems like your family has not recovered from trauma of Congress government.
And from Cyprus. I sympathise with all Southern European countries that have been badly hit by economic crisis, and hope we can get through this and develop further.
I have no problems with Skyscrapers, showing off how modern the city really is but Skyscrapers doesn't really blend in well in European cities. We love Europe the it is but modern buildings is going to change the atmosphere of any city within Europe. Traditional architecture is far more superior with focus on details and style rather than height and speed.
i think most people fail to understand how much more expensive and time consuming it is to recreate these classical ornaments. For these corporations that's the last thing they want
@@thestonewallpoetry4330 yep but at least he tried, in fact im surprised that the pronunciation in some difficult ones to a non spanish speaker was that accurated
Nice pronunciation! Also, a little subtlety added to non-spanish viewers, "cortijo" is a farmhouse in southern Spain, true, but when you use it like "BBVA's cortijo" (and there is obviously no farmhouse around) you want to imply that they will do whatever they want regardless of laws and public interest ;-)
@adge5182 companies are investing in Madrid, and it is generating a network effect. The more companies, the more jobs, the more professionals, the more companies. Surrounding provinces should compete with lower taxes and benefits to attract businesses.
Those decks built over existing train tracks are super useful. I live in Finland, Tampere where they are building a sports arena and skyscrapers over train tracks. It’s a very central area in the city. There was no space anywhere else either. The center of Tampere keeps moving southwards since it’s the only place where there is free space left to build, but I don’t mind since everything that was and is built there works well, much better than in the original center where all the services were scattered in separate buildings.
"España" aquí no tiene nada que ver. Es el ayuntamiento de Madrid el que planifica, la CAM (el gobierno regional) la que revisa y aprueba el planeamiento y un consorcio de empresas privadas (BBVA, Merlín y San José) el propietario de los terrenos y el promotor de los desarrollos inmobiliarios. Pero gracias por la buena intención.
@@ricardofernandez9738, quien cubre las vías y contribuye al pago de las infraestructuras es el Ayuntamiento junto con el consorcio de empresas propietario. Lo único que hace aquí Adif es reformar su estación, que seguirá siendo suya,. Y veremos quién la tiene que pagar al final. Ah, en todo caso, siempre serán los madrileños los paganos, puesto que son quienes más contribuyen con sus impuestos al sostenimiento de los gastos generales y al fondo de compensación interterritorial (casi el 70% de éste último sale del bolsillo de los contribuyentes de Madrid). Pero vamos, lo dicho: Adif reforma una instalación privada suya que continúa siendo privada y suya. También tendría cojones que la tuviera que pagar el ayuntamiento o el BBVA.
@@ricardofernandez9738, que no, coño. Que Adif reforma su estación y punto pelota. No contribuye en nada. MNN es un desarrollo urbanístico como tantos otros en toda España, sólo que más grande y mejor por que lo hacen los madrileños. Al revés. Es Madrid la que, sin ningún agradecimiento y recibiendo sólo odio a cambio, está sosteniendo y dando de comer a media España. Tiene cojones que todavía os queráis colgar medallas. ¿Por qué? ¿Por coger lo que os dan y, encima, pedir más? Pelín hartos ya de tanta garrapata _hater_ tipo Puig.
@@robert111k dado que Madrid es la capital de "España" creo que es algo que nos interesa y nos involucra a todos, independientemente de quien lo financie o lo promueva, no crees? Saludos desde Canarias, que también es "España".
Ojalá sea asi porque si es posible tantas torres en la ciudad de Monterey una ciudad emergente por ejemplo porque no en Madrid una ciudad histórica de primer mundo.
Currently the project confirmed the construction of more than 3 skyscrapers, one of 160, another of 190, two of 216, one of 240, one of 260 and another of more than 330 m, being the tallest building in the European Union
@@davidfaguaja9052 Probably it would make a picture of what is Madrid because internationally it doesn't have a clear image to represent it, for example in Barcelona the Sagrada Familia Church and the beautiful Skyscraper makes a good image to represent all the city, the skyline would represent the modern and prosperity of Madrid even it didn't exist. Just like London or Paris Skyline are unique and represent the best of Europe or Moscow Skyline with the Russian old and important buildings are a good and beautiful powerful contrast
@@crisremr6894 the focus should be on the social impact of this urban project within the city itself. It's not about competing for international recognition, really. There are a lot of issues to solve here before that, in my opinion. Also, Madrid's modern prosperity should be measured in other indicators, like social equality, green environment, commuting habits, and a large etc of things that actually improve our peoples life. Who cares about how it's seen overseas, tbh, if you are going to look into the height of the buidilngs itself. For hyperdense cities like NYC, or Hong Kong, this typology of building is useful. But, in my opinion, Madrid should focus on other kinds of urban development more of its own.
@@davidfaguaja9052 I think the best city downtown with people focus will make Madrid more competitive than other EU cities and with that people would have access to a better salary, better jobs, infrastructures, near schools and hospitals, we can't get social equality just by spending on "social programs" that doesn't go to people but the government and his representatives and ministers. A more iconic city will attract more investment from other industries that never took position in Spain because they prefer London, Paris or Frankfurt. Just look at Poland in just 20 years pass from being a poor excommunist country to a impressive economic point in Europe with high standards and in future will surpass half of Europe on importance. People don't want subventions money while they have unemployment for years because that make them dependent of the state and unproductive people. People want an actual job that make them independent to make their life free without any burocracy and market freedom so people could start their own business easy like in Estonia or Ireland. You gain social equality if you make people could make money, look at the Nordic countries that have good social system thanks to the most economic liberty of the world with discipline.
@@crisremr6894 Madrid has absolutely nothing less than Paris and London, it has the second gdp in the entire EU after Paris only, the biggest city in the EU, attracts 80% of all foreign investments to Spain, the best transport system, unparalleled culture and museums and fairs and theaters, an unstoppable growth of the economy and literally with thousands of houses and offices being built (not only what this video talks about, much more than that), world leader in fairs meetings and events, the best lifestyle and food and drink, perfect environment for business (home and headquarter of all the most important companies, spanish and not, including the world's biggest construction company and europe's and south america's largest bank), home of luxury travel with the new Ritz, four seasons etc (the financial times recently talked about it), etc etc
I'm half german, half cuban and love languages. That's why I have to tell you my appreciation for your efforts to pronounce stuff in their native tongue and actually doing well. Compliments!
24 years will take this project to be completed... I can only imagine the many set backs, crisis and political swings that could cause this project to derail or be delayed over and over... Let alone the final costs would go through the sky. Even though the strong support from the public and Spain's obsession with hosting the Olympics in Madrid are reasons to be optimistic.
I agree. And you also have to consider corruption. I think they should spent only for the water and some other of things which at most should cost 800 million.
@@sakebiouka it does because a change of administration comes with many changes in priorities. china however doesnt have to deal with that and continuously accelerates full-throttle im by no means advocating for monarchies by the way, just pointing out a helpful side-effect
Not really, as a Spaniard currently living in Madrid I can't wait to get out of here. Taxes are incredibly high, many people are living in the street due to housing prices, corruption, inefficient public spending, and so on. Spain is cool for getting wasted on the summer, not to do anything productive, at least in my opinion.
@@leonardogrecolozano4100 Haha you must be joking, madrid has the lowest taxes in spain (and not only), that's one of the reasons why all the companies go to madrid. Housing prices that's true, and madrid nuevo norte and all the other projects will help with that, and anyway there is no one living in streets. Haha you really are spanish and write such bs?it is obvious you've never been to countries like italy or many others, the pure ridiculousness and corruption and third world on earth.
I bet you it will cost at least 4 times the quoted $8.7 billion to build all that. The Shard in London cost $2.09 Billion in 2012, and Terminal 5 at Heathrow Airport cost $4.75 Billion way back in 2008. And they think they can build a massive part of a city for less than 2 Airport Terminals. I'm calling BS.
Well the costs in spain are way cheaper than in the UK and when talking about London even more labor and land isn’t as expensive so those prices aren’t equivalent, but I’m sure it will cost more because of corruption and projects like these always end up costing more one way or another
@@gamf5996 Weather issues add to the construction cost in my country. There is one 7 billion USD highway close to my city and now because of heavy rainfall,more than 100 construction engineers,workers,cranes,concrete laying machines are standstill for weeks while building Interchange. They can't do anything now. This will surely increase the cost.
@@nochance3914 Madrid weather is generally pretty mild. Of course during the unprecedented Filomena snow storm and its aftermath they probably stopped construction for a few days-weeks.
do you have any details about evicting people out of their homes and lands in order to build city structures on their lands? How did those people cope with the unfair decision? I would be so enraged had the government done this to me and my family? If you know how those people took this decision please let me know, cause I'm very curious to know whether they've been OK with it, or they've been "made" to be OK with it
@@blabla-rg7ky I’m on the other side of this. I can’t even begin to tell you how many folks have invaded flats all over Madrid, and stay for years living in a home that doesn’t belong to them for free. They often destroy property that doesn’t belong to them while there’s no legal repercussions for their illegal actions. Spanish civil society, like many other places in the west has a really big issue with PERSONAL ACCOUNTABILITY. My father and his family worked really hard to buy a house to live in Chamartin, to see opportunistic folks invade homes/flats and destroy other people’s residences in the process. A shortage of affordable housing is a fact of life, no doubt in one of Europe’s largest capitals, but if you can’t afford the neighborhood, move out to the burbs and commute by rail. Seems like these days, people watch too much TV and the BS got to them. Folks want to live large as in its what they deserve without putting in the work required to do so.
@@ralphperez4360 sounds like you're describing the Wild Wild West lol. Still, I don't think all of those that have been kicked out are parasites, but.. what do I know?
@@blabla-rg7ky That is a very good question, as it happens often in many places. Fortunately not for this project. Neighborhood associations representing around 90% of the neighbors of the region, have been involved in the project from the start. Their claims and requests have been taken under consideration at all points. That is why this project has such a strong citizen support and the main reason why the government of Manuela Carmena ended up supporting this project even though they were against it at first. As of this moment, and as far as I know, no neighbors are expected to be evicted or removed from their houses against their will. The majority of existing buildings will be renovated and most new constructions will be done on empty land (of which there is plenty) and over covered rail tracks. This is the theory, we will see what happens in the future. I hope this helped!
@@blabla-rg7ky yes. I have to admit. Not all people in an unaffordable housing market who live illegally are parasites. There is a lot of unfortunate outcomes in a place where income inequality is higher than ever. This being said, the state should do a better job in mitigating the issue by expanding housing availability if the ECB still intends to keep interest rates at zilch, effectively overpricing real property.
We have a similar problem in the right bank of the Vistula river in Warsaw. A wide strip of tracks cuts one of the most historical neighbourhoods in half. It would be so nice if they could bury the tracks.
As an italian citizen, I have to admit that nowadays Spain is so much better than Italy to live. That´s the reason of many italians are moving to Barcelona, Valencia and Madrid. Modern cities with similar language and climate makes easier the adaptation.
Most Italians when they look for better opportunities and business they tend to move in Germany Austria and Switzerland, Spain is more seen like the perfect holiday destination
I live in Madrid and I think its a great idea. Nowadays that part is horrible and one of the only ways to cross walking to the other side is a tunnel under the rails which is part to the cycle circle lane called the Anillo verde (Green Ring) which is 64km long. Plus, having new houses lowers prices. However, I agree with some of my cocitizents that making Vallecas and Tetuan districts more modern and much safer is important too.
I live near that area too and it really is horrible lol a 15 min walk becomes a 30 min one unnecessarily because of the train tracks that divide Madrid. It's also a way to divide rich neighborhoods from poor neighborhoods.
Madrid Is the Heart of Europe, not only Spain, ever growing, most gdp in the EU After Paris only, best transport system, best Life and lifestyle, unparalleled culture and museums, world leader in fairs and meetings, luxury travel with only Paris and London at its level etc. Also, a lot of skyscrapers are gonna be built and not 3 only, including a 330m one, which will be the tallest in Europe, and the new railways will run underground (best train station in Europe)
@@echipuosaperlo lol you are a very confident man that’s all, you truly believe Madrid is the heart of Europe, I have never heard anyone not even Spaniard have said stuff like this before.
@@dennis771 Well yes, it's not about being confident or not, what i wrote are facts easily checkable, not opinions, that's all (and i'm not spanish by the way).
@@echipuosaperlo Oh okay 👌. Well then i guess we have a new leader of the EU & NATO in Europe. Question, when will the European Central Bank move from Frankfort to Madrid(the new center of Europe)? And also when will the EU head quarter & parliament be moving to Madrid too?
Es un proyecto muy parecido al de Hudson Yard in New York, ojalá sea un gran proyecto que incluya varias torres y no 3 o 4 nada mas, muchas veces de a dicho que en total serían 15 torres de diferentes alturas.
no soy de madrid pero vamos espero que sea como dices en entorno de oficinas es muy llamativo ese tipo de edificacion y atrae mucho, imagino que con los 3 o 4 se referira a los mas altos porque sino para hacer eso y tardar 24 años mejor no hacer nada
@@echipuosaperlo Russia is Europe babe. Russia took the title the 3rd Rome since holy Constantinople fell to the Muslims. The concept of Europe originated to the Greeks and the Romans.
@@echipuosaperlo for most of the World a third part of Russia is in Europe and curiously there are the most important cities like Moscow and Saint Petersburg and they have the best skyline one of the best skylines of Europe so it count.
This looks like a great project. Personally, I'd cover over the train tracks with a linear park (big job I know), to really remove the partition in the north.
This seems to be such a charming place, I hope I can visit sometime in the future when all this is over. Seeing and sharing places like this is why I love traveling and make videos so much! And please keep up the great job!
Spain's GDP hasn't still surpassed the peak it had in 2008 before the financial crisis but neither have done France, Italy or the UK so maybe it' a European stagnation rather than a Spanish one
Wait... there are people criticizing that this isn't a public project? If this was a public project by the Spanish government, it would take 400 years to finish, would cost 20 times more and the end result would be so bad that nobody would move into the area.
@@itizjuan And? I said many europeans, not everyone. Skyscrapers just don't fit in our way of building cities and most cities have restrictions of height for buildings so the city stays beautiful.
@@lizerbernad4448 skyscrapers are beatiful, and we need them. In Czech republic we will start build 200m high skyscraper. It will be finished in 2026 Warsawa do the same thing. London, Paris, Frankfurt, Rotterdam, Madrid, Riga, Vilnius, Brussel, Moscow and also in Belegrad. You should be happy that are build. The skyscrapers are future for every big city in the future. And btw awful is eastern europe flats.
Of course it's true. It's true in every developed nation from the US to Japan, every country in Europe, Australia, New Zealand and even China. Taiwan and Singapore have the lowest birth rates, less than half of the ratio that is needed to sustain a population. Every nation will follow suit, but Africa will be last, and due to this whole thing the global population will stop at 10-11 billion, eventually likely decreasing fast. This will cause the collapse of civilization as we know it but long before that we will see the effects of the dual problems of an aging population but with less young people. With so few tax paying, working-age people paying for the welfare and retirement programs, the ponzi scheme will fail, unless of course we increase the age of retirement, which of course we will. So the age of retirement will be in the late 70s or even later, almost no one will get pension because most people will die long before that age. But do not worry robotics and automation will make most of these worries obsolete. We will create robots who take care of our elderly, and do our jobs for us.
@@PresidentialWinner won’t some countries populations increase due to immigration? People from South America and Africa would migrate to North America and Europe and help alleviate any labor shortage
@@TheLiamster Populations may increase due to immigration, but what that does is change the demographics of a nation from the natives to foreigners. Whether this is a problem depends on a few things that mostly have to do with values and culture, not ethnicity or religion (although religion of course is important when considering values and culture) So you can alleviate the problem by bringing in more people from the outside. Even if you ignore the demographics and the societal strains and issues, the immigrant populations that you bring in will eventually have low birth rates as well so that is not going to solve the problem. And like i mentioned eventually every country will face this issue of low birthrates.
I really like the project and i think it would be greatly benefical for Spanish people in every way. But it will take 24 years to build?? It will cost 8.7 billion USD??? If it really takes 24 years to build then it will cost at least 50 billion USD not 8.7...
This is a Madrid City Hall's project (“Spain" has nothing to do here, I mean, the Spanish Gvmt) and it will be built, and paid, by its owners, a joint venture of a bank and two real estate companies.
Tenemos muchos aquí, pero esto es un país libre. Nadie es excluido. Las compañías contratan a quienes consideran oportuno. No hay ninguna limitación por nacionalidad, color, tamaño o edad.
Spain should really invest wisely. With its enormous potential for renewable energy(wind and sun complementing) it can easily transform itself to be the top producer and exporter of green hydrogen and ammonia which are going to fuel the future. Time is short as they need to really ramp it up before other nations with more investment capacity overtakes it. Huge infra projects like these in western europe(with its high labour costs and post covid supply shortages) are almost always a money pit which require absurd amount of time and money to become sustainable. The figure of 18B added to the GDP will more likely be the amount that they will end up spending on it.
Todos preocupados por Madrid Sur, cuando a Madrid Sur le hicieron metro a mansalva, autovías, radiales, cercanías, hospitales y hasta bosques les han plantado y siguen quejándose. ¿Qué importa el Sur cuando se está hablando de arreglar por fin el desastre que hay en Chamartín? Y a los haters, sabed que el proyecto ya está en marcha y sí, a pesar de vosotros, se va a construir. Por cierto, a quien no le guste el Sur, que se mude a Villalba o a San Lorenzo!!!
Espero que construyan varios rascacielos y sean de estilo futurista. Y que se haga en poco tiempo pero la burocracia de este país ya sabemos que es abundante y lenta.
I am totally agree with this project. It solves a bunch of problems following the ideas of the new urbanism, I mean it pays emphasis in walkability, public transport, and mixed uses of the ground. Madrid Nuevo Norte gives us here in Quito-Ecuador excellent ideas to solve a similar case in the north side of our city on the spare place left behind when the airport was moved outside the city.
I have used chamartin station everyday for a decade as my school was pretty close to it and i used the train to go to class. Now i still go through because my university is two stops and a metro away. I know the area and it really needs some developement, it is a huge waste of space and it makes transportation more difficult the norther you go.
Hey friend, talks about the "Eurogarden" is a district that is being built in the state of Paraná in Brazil, it will be a beautiful and modern district already under construction, grettings from Brazil 🇧🇷
My first thought was "wouldn't it have been better to cover up the tracks all the way out to the outer ring road, and build a long thin park running from North to South?" A bit like Valencia did with their river bed. Then I read it was a private development by BBVA and the reason became clear....
@@jdmortega9121 True but my point was more to emphasize how expensive hosting the olympics are becoming.. every time getting more expensive with less ROI and no profit
However, the tallest building isnt going to be 250m (there is already a tower that high, the "Torre de Cristal" or "Glass Tower"), but it will be around 330 or 350, not sure which one exactly.
Es que la gente que se queja de que va a "tardar mucho", no entiende que sto no es un monumento o un edificio. Es una expansión (una moderna expansión) de la ciudad. Tú no puedes forzar la expansión. Los rascacielos se construyen conforme aparecen empresas que los solicitan, los edificios de lujo aparecen cuando hay demanda. No se hace la casa por el tejado. Naturalmente países como china, superpoblados e hiperproductivos NECESITAN rascacielos. Pero si madrid hiciera este proyecto sin más, adelántandose al crecimiento natural y a la demanda, el proyecto podría tardar fácilmente 7 años.
Is that much office space really a good idea given the new trend to remote work brought on by Covid? It may be a better idea to reduce the number of office buildings & increase the affordable housing.
Meanwhile, Catalonia will continue wasting time with its stupid process of separation to enrich its politicians. I emigrated to Madrid 5 years ago. It was the best decision I have ever made in my entire life.
Can you also cover the Greenwich peninsula redevelopment project (~$12 billion) in London, or the continued development of Canary wharf area? These European urban redevelopments are awesome
They'd wish they could make something like this , they took 3 years to reconstruct the Gran Vía train station only to have the elevator out of service the first three days and have to hold the infrastructure with duck tape All these projects are always compromised due to the corruption
The video is fairly great. Also, if you're trying to pronounce toponyms the Spanish way it's not MadRRRid, but just Madrid. Spanish RRR is only used at the words' beginning, not in the middle.
I live in Madrid and yes the city really needs it. But with many taxes even for foreign investors… i dont think many people will support or invest on this…
