Madrid will approve Madrid Nuevo Norte on the 25th of March

Madrid will approve Madrid Nuevo Norte on the 25th of March

The also called Operación Chamartín was approved in July by the municipality and had since been waiting for the approval of the regional executive, which was delayed for a few months, while waiting for a mandatory and binding report from the Dirección General de Carreteras (Directorate General of Roads) which had been incomplete.

Once overcome this final obstacle, it is expected for the construction works to start between the end of 2020 and the beginning of 2021.

Díaz Ayuso was placed in charge of announcing the project in an intervention on the Spanish television. «We will greenlight Madrid Nuevo Norte», she said. «It will create 250.000 jobs in Madrid and in Spain (…) Madrid’s axis will change», she recalled.

The project includes the construction of 10.500 dwellings, 24% of which social housing, the refurbishing of the Chamartín train station and a new business park on a 3 million sqm terrain. It is also expected the construction of 348 office buildings.

With an 18.000 million euro economic impact, it Madrid’s most important urban development and it may take 20 more years to be finalised.

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