Economic and financial feasibility and economic sustainability report on the Tarragona MPOUM
Housing floor area (M2) 3.006.577
Business floor area (M2) 1.198.170
Total number of new homes (N) 30.930
Infrastructure network measures (euros) 197.938.032
The Tarragona urban master plan (POUM) was finally approved in 2013 but work on drafting it began in 2003. It is a document created with the values and dynamics that prevailed during the upward cycle of the housing bubble. The POUM Agenda for 2013 anticipated a review at the end of the first six-year period in order to adapt the approval of the resulting planning and urban development to the pace of market demand and, potentially, to modify the period of validity of the POUM.
The POUM modification formulated by PROMO does not alter any of the urban planning parameters in force and adapts the basic facilities costs, civil works and their distribution by planned sectors in accordance with the decisions of the legal framework in force. This is also in accordance with the economic and financial feasibility of the sectors foreseen in the POUM, taking into account their transformation costs, the benefits and capital gains generated by the plan, and the time required for the complete cycle of processing the planning and management instruments until the finished products are placed on the market.
This redefinition of the economic and financial conditions of all the planned sectors included in the POUM is complemented, firstly, with an economic and financial sustainability analysis, assessing the economic impact of the MPOUM on Tarragona City Council public finances and, secondly, with the updating of the Tarragona POUM Social Report, as well as its Agenda.