Individual Investors And Frontier Markets

GENERALITAT ALREADY KNOW THAT THE BIRD IS NOT PROFITABLE TO GALICIA. ... OR ANY OTHER SITE, TELL U.S.. HOWEVER, FOLLOW THE BUY

BY FTF: THE AVE GALICIA LOSE 46 MILLION A YEAR

Last Day 2, we referred in the post NOT LEAVE ACCOUNTS ECONOMIC, SOCIAL AND ENVIRONMENTAL HIGH SPEED SPANISH the absence of social and economic return, the English high-speed lines. The newspaper El Economista served us breakfast the news filtered through PROMOTION, of what will be disastrous accounts of the high speed to and from, Galicia. Go ahead and things to avoid, someone suddenly let go one day the shoe and assemble the massive brawl. As often happens in such cases, the sources filtered a few numbers danced, together with technical dismissal of journalists, well shuffled, often leave the reader with bean face and not understand anything.

FTF, which is far, neither has the means of INECO the company responsible for promotion to the corresponding study, we made clear in a few details, almost to awkward. The initial assumptions are made that the calculations are:

No.

frequency to date: 6 (three trains each way, data PROMOTION)

Number of passengers per train: 396 (data of the series 103)

average occupancy rate: 70% (assuming FTF)

Well, with these assumptions and hypotheses of lower costs of handling ministry, some of them contained in the Ministry of Public Works art, these are the accounts:

For an average perception of 90 euros, quite high, we are talking about perception media, including product mix and discount-year results obtained are as follows:

Places

year: ; 867.240

Viajes-año:                                            607.068

Ingresos-año :                          EUR 54.6 mill

Operating costs: EUR 100.6 mill

range holding: EUR -46.0 mill

This margin does not include financing costs and depreciation of infrastructure such as such.

The reciprocal of this account, is the price, half price or perception, necessary for the margin is zero: 167.5 Euro-trip. In other words, losing 46 million a year wing or 168 euros per trip charge medium. Still we are able to more nonsense? Ah ... and are not counted 25,000 million of infrastructure.

To all this, it seems that DEVELOPMENT AVE know that Galicia IS NOT PROFITABLE. What has been slow to realize! But better late, than ever. And when do you think tell us and it is not profitable?

If anyone has other information or other opinion, say it. We will publish it.