&%22/#!22),9%3425#452!52"!.! !2'5-%.4/3942!3&/.$/$%,$%36·/ $%,!,·.%!&³22%!%.!,"!#%4%5. !35.4/$%#%.42!,)$!$52"!.·34)#! /XLV6DQWRV\*DQJHV 8QLYHUVLGDGGH9DOODGROLG ).42/$5##)¼. (VWHDUWtFXORWLHQHSRUREMHWRHQHOPDUFRGH ODFHOHEUDFLyQGHOVHVTXLFHQWHQDULRGHOIHUURFD UULOHQ$OEDFHWHH[SRQHUORVKHFKRVKLVWyULFRV HLQWHUSUHWDUXUEDQtVWLFDPHQWHHOSURFHVRSRUHO TXHVHOOHJyGXUDQWHHOSDVDGRVLJORDODFRQV WUXFFLyQGHODVDFWXDOHVLQVWDODFLRQHVIHUURYLD ULDV\DOFRQVLJXLHQWHOHYDQWDPLHQWRGHODVSUH FHGHQWHVTXH\DWHQtDQXQVLJORGHKLVWRULD < GRV VRQ ORV DVXQWRV FRQFUHWRV TXH PiV LQWHUHVDQ D SULRUL D TXLHQ D XVWHGHV VH GLULJH IXQGDPHQWDOPHQWHSRUVXFDUiFWHUHMHPSOLÀFD GRUHQGRVLQWHUHVDQWHVWHPDVWHyULFRVXQRGH HOORV OD FHQWUDOLGDG XUEDQtVWLFD HQ VX UHODFLyQ FRQODHVWDFLyQ\HORWURODDUJXPHQWDFLyQSDUD MXVWLÀFDUODGHVYLDFLyQIHUURYLDULD3UHFLVDPHQ WHDYDQFHPRV\DFRQVLGHUDPRVTXHHVODFHQ WUDOLGDG XUEDQD \ VX DPSOLDFLyQ HVSDFLDO TXH VH GHQRPLQy GXUDQWH GpFDGDV ´HQVDQFKHµ HO WUDVIRQGRODWHQWHHQODH[LJHQFLDPXQLFLSDOGH GHVSOD]DUODVYtDV\ODHVWDFLyQLQGHSHQGLHQWH 6DQWRV\*DQJHV/XLV PHQWHGHODVMXVWLÀFDFLRQHVIRUPDOHVTXHIXHVHQ XVDGDV'HDKtTXHHQHOWtWXORGHHVWDSRQHQFLD DSDUH]FDODH[SUHVLyQ´DUJXPHQWRV\WUDVIRQGR GHOGHVYtRµ (VWXGLpHOFDVRGHODGHVYLDFLyQIHUURYLDULD HQ$OEDFHWHHQPLWHVLVGRFWRUDO EDMRHOH[SUH VLYR HStJUDIH ´'HVYtR \ H[SXOVLyQ GH OD HVWD FLyQ$OEDFHWH´&RUUHVSRQGHDKRUD QRWDQWRUHSHWLUODVDSRUWDFLRQHVDOOtGHIHQGLGDV HQFLHUWRPRGRDOJRLQHYLWDEOHVLQRPiVELHQ HQSURIXQGL]DUHQHOWUDVIRQGRLGHROyJLFR\HQ OD PHQWDOLGDG TXH VXE\DFtD DSUR[LPDGDPHQWH HQ HO VHJXQGR WHUFLR GHO VLJOR ;; FXDQGR VH GLULPH\VXVWDQFLDHOGHVSOD]DPLHQWRGHODHVWD FLyQVX´H[SXOVLyQµGHODFLXGDG$XQTXHHOOR FRQOOHYD FLHUWD OLEHUWDG LQWHUSUHWDWLYD GH TXLHQ QRHVXQFRQRFHGRUH[KDXVWLYRGHHVWDFLXGDG VLQR PiV ELHQ XQ HVWXGLRVR GH ORV IHQyPHQRV XUEDQtVWLFRIHUURYLDULRV/DKLSyWHVLVGHWUDED MRSXHVFRQVLVWHOODQDPHQWHHQORVLJXLHQWH (O WHPSUDQR IHUURFDUULO GHFLPRQyQLFR VH HPSOD]y WDQJHQFLDOPHQWH D OD FLXGDG SRU HO !»/3$%&%22/#!22),%.!,"!#%4% ERUGHQRURULHQWDOXELFDQGRODHVWDFLyQHQXQ HVWUDWpJLFR OXJDU D PRGR GH FLHUUH GH OR TXH LEDDVHUHOQXHYRFHQWURGHODFLXGDGFRQWHP SRUiQHDHVGHFLUHOHVSDFLREXUJXpVTXHVHUtD GHVGHHQWRQFHVHOSULRULWDULRHQODVLQYHUVLRQHV S~EOLFDV 'XUDQWHGpFDGDVODHVWDFLyQIXHXQHOHPHQWR GH SUHVWLJLR \ GH PRGHUQLGDG HQ OD FLXGDG HQ WUDQVIRUPDFLyQXQIRFRXUEDQRODWHUDOHQODJH QHUDFLyQGHODFHQWUDOLGDGXUEDQD3HURFXDQGR HVWH QXHYR ´FHQWUR XUEDQRµ HVWi \D FRQVROLGD GRDOOiSRUODVSULPHUDVGpFDGDVGHOVLJOR;; HO PRGR IHUURYLDULR KD DOFDQ]DGR VX Pi[LPR 3UHFLVDPHQWHGHVGHHQWRQFHVHODXWRPyYLOPDU FDHOPRGHORGHODPRGHUQLGDG\SRFRDSRFR HO IHUURFDUULO HQ VX GHFOLYH VRFLRFXOWXUDO YD D VHUYDORUDGRFRPRSLH]DLQGXVWULDOFLHUWDPHQWH IXQFLRQDOSHURSRFRXUEDQDHVGHFLUGHDOJXQD PDQHUDLQFRPSDWLEOHFRQORVXVRVUHVLGHQFLDOHV \WHUFLDULRVPiV´QREOHVµ /DWHQGHQFLDDOHQVDQFKHGHOFHQWURXUEDQR HQHOVLJOR;;DODDPSOLDFLyQVHOHFWLYDGHOD FHQWUDOLGDG WHQGUtD DVt D OD HVWDFLyQ FRPR XQ UDGLFDO IUHQR 8QD HVWDFLyQ TXH DGHPiV KDEtD VLGRSDXODWLQDPHQWHHQVDQFKDGDFRQODDPSOLD FLyQGHODSOD\DGHYtDVODVLQVWDODFLRQHVGHYtD \REUDVODFRQVWUXFFLyQGHXQQXHYRGHSyVLWR \XQRVQXHYRVWDOOHUHV\ODGXSOLFDFLyQGHYtD GHODOtQHD<HVTXHHOFHQWURXUEDQRGHO$OED FHWH GH HO FHQWUR GH QHJRFLRV HO FHQWUR DGPLQLVWUDWLYRHOKiELWDWEXUJXpVQRFRLQFLGH QLFRQHOFHQWURJHRPpWULFRQLFRQORVHVSDFLRV FRQVROLGDGRVGHODFLXGDGWUDGLFLRQDOGHO$QWL JXR 5pJLPHQ VLQR TXH HV DOJR H[FpQWULFR OR TXHVHHYLGHQFLDPiVD~QVLVHREVHUYDQODVOR FDOL]DFLRQHVSHULIpULFDVGHODHVWDFLyQGHOWUHQ GHOUHFLQWRIHULDOGHFLPRQyQLFR\GHOSDUTXHGH &DQDOHMDV /DFLXGDGKDWHQLGRGXUDQWHWRGRHOVLJOR;; VXÀFLHQWHHVSDFLRSDUDVXFUHFLPLHQWRSHURQR SRGHUH[SDQGLUHOVXHORXUEDQRKDFLDHO1RUGHV WHYHQtDDVXSRQHUHOFLHUUHGHOFHQWURXUEDQR HVGHFLUVXDLVODPLHQWRUHVSHFWRGHXQSRVLEOH HQVDQFKH SDUD ODV FODVHV SULYLOHJLDGDV GH DOWR \PHGLRSRGHUDGTXLVLWLYR(QVDQFKDUHOFHQWUR H[LJtD R ELHQ UHIRUPDU GHUULER \ UHFRQVWUXF FLyQORVEDUULRVKLVWyULFRVPiVRPHQRVGHJUD GDGRVGHVXHQWRUQRRELHQDOHMDUODHVWDFLyQ\ ODVYtDVIpUUHDV7DQWRXQDFRPRRWUDVROXFLyQ HUDQ LQHYLWDEOHPHQWH FDUDV SRU OR TXH OD UHL YLQGLFDFLyQ VLQ QLQJXQD GXGD HOLWLVWD SRGtD VXVWDQFLDUVH QR VyOR RSWDQGR SRU OD H[SXOVLyQ GHOIHUURFDUULOVLQRDGHPiVSRUVXÀQDQFLDFLyQ DFRVWDGHODDGPLQLVWUDFLyQHVWDWDO /RVDUJXPHQWRVSRGtDQHVWDUHQHOHIHFWRGH EDUUHUD RULJLQDGR SRU ORV SUREOHPDV DO FUXFH WUDQVYHUVDOHQODVPROHVWLDVSRUKXPRV\UXLGRV FDXVDGDVSRUODVPDQLREUDV\HOGHSyVLWRHQORV PRYLPLHQWRVGHPHUFDQFtDVRLQFOXVRHQHOFD UL] REUHURLQGXVWULDO TXH LQWURGXFtD HO HVSDFLR IHUURYLDULR GH DOJXQD PDQHUD \D FRQVLGHUDGR FRPR LQPRELOLDULDPHQWH LQFRPSDWLEOH FRQ ORV XVRVXUEDQRVPiVSUHVWLJLDGRVDXQTXHOD´QH FHVLGDGµGHDPSOLDFLyQXUEDQDVHUtDXQRGHORV DUJXPHQWRVPiVUHFXUUHQWHV <FRPRYHUHPRVHOGLVFXUVRORFDOIXHSHU VLVWHQWHDQWHORTXHODDGPLQLVWUDFLyQGH2EUDV 3~EOLFDV WXYR YDLYHQHV \ GXGDV VLQ QHJDU OD PD\RU DOJR TXH Vt KLFLHURQ ODV FRPSDxtDV IH UURYLDULDV7UDVPiVGHWUHVGpFDGDVGHSHWLFLR QHVTXHMDVSUR\HFWRV\IUHQD]RVODYLHMDH[FX VDIHUURYLDULDODUHWDUGDGDFRQVWUXFFLyQGHO)& %DH]D D 8WLHO VH YLR GHÀQLWLYDPHQWH DEDWLGD SHUR VXUJLHQGR DO PLVPR WLHPSR XQ QXHYR DU JXPHQWRODFUHDFLyQGHXQPRGHUQRFRPSOHMR IHUURYLDULR<HVDVtFRPRXQDDVSLUDFLyQORFDO ORJUDVXVREMHWLYRVSRUH[LVWLUXQDRSRUWXQLGDG GHHVFDODHVWDWDO ,!%34!#)¼.#/-/&/#/$% #%.42!,)$!$9,!#/.3/,)$!#)¼. $%,#%.42/52"!./!,/ ,!2'/$%,3)',/8)8 6DEHPRVTXH$OEDFHWHHVXQDGHODVFLXGD GHV TXH DQWHV FRQWy FRQ IHUURFDUULO HQ (VSDxD $OFi]DU$OEDFHWHHQ\$OEDFHWH$OPDQ VDHQDOVHUOXJDUGHSDVRGHODWHPSUDQD ,5)33!.4/39'!.'%3 )LUSTRACIØN0LANODE!LBACETEA×O )XHQWH3ODQRGH$OEDFHWHGH)UDQFLVFR&RHOOR$O2HVWH\DH[LVWtDQODSOD]DGHWRURV\OD)HULDDXQTXH ORVXÀFLHQWHPHQWHDOHMDGDVFRPRSDUDTXHQRIXHUDQUHÁHMDGDVHQHOSODQR2EVpUYHQVHDGHPiVHOYLDO SHULPHWUDOKHUHQFLDGHODPXUDOODPLHQWR\HOFDUiFWHUOODQRGHOVHFWRUHQWUHODSOD]DGHO$OWR]DQR\ODYtD OtQHDGH0DGULGD$OLFDQWHeVWDVHGLVSXVRHQ ODVDIXHUDVGHODFLXGDGWUDGLFLRQDOSRUHO1R UHVWHHQWUD]DGHGLUHFFLyQ126(\SUiFWLFD PHQWHERUGHDQGRODPXUDOODTXHKDEUtDGHVHU GHUULEDGD (Q ORV ~OWLPRV GRV WHUFLRV GHO ;,; VREUH WRGR FRQ HO IHUURFDUULO FRPR XQ LQGXGDEOH UH IHUHQWHHVSDFLDOHOSRORGHDWUDFFLyQGHODHVWD FLyQ\HOERUGHOtPLWHGHODYtDIpUUHDVHSHU JHxyORTXHKDEUtDGHVHUHOiUHDXUEDQDGHODV FODVHVGLULJHQWHVGHO1XHYR5pJLPHQDEULpQGR VH QXHYRV YLDOHV SDVHRV GH$OIRQVR ;,, \ /D &XED FDOOHV GH 6DODPDQFD 0XHOOH &DUFHOpQ ,VDDF 3HUDO \ FRQVWUX\pQGRVH QXHYRV HGLÀ FLRVVLJQLÀFDWLYRV&DVLQR$UWtVWLFR,QGXVWULDO QXHYD&DVD&RQVLVWRULDO3DODFLRGHOD'LSXWD FLyQ3URYLQFLDO !»/3$%&%22/#!22),%.!,"!#%4% )LUSTRACIØN,AESTACIØNDE!LBACETEYELOTROLADODELAVÓA )XHQWH(ODERUDFLyQSURSLDVREUHXQGHWDOOHGHOSODQRGH$OEDFHWHVLQIHFKDSUREDEOHPHQWHGHODVGpFDGDV LQWHUVHFXODUHVUHFRJLGRHQOD(QFLFORSHGLD8QLYHUVDOGH(VSDVD&DOSHGH2EVpUYHVHTXHHOFRUUHGRUIHUURYLDULR VHFRPSRUWyGXUDQWHODUJRWLHPSRFRPRXQOtPLWHGHODFLXGDGXQERUGHKDFLDHOTXHFUHFHUFRPRÀQGHODFLXGDG FRQODSDUWLFXODULGDGGHGLVSRQHUGHXQDURQGDTXHWDPELpQHUDWUDYHVtDFDUUHWHUD\SDVHRSDUDOHORDOIHUURFDUULO )LUSTRACIØN0LANODE!LBACETEAPRINCIPIOSDELSIGLO88CONSUSENSANCHESPROYECTADOS )XHQWH3ODQRGH$OEDFHWHVLQIHFKDGHOVLJOR;;SHURDQWHULRUDÀUPDGRSRU$&RORPHU HQHO7RPR,GH(VSDxD5HJLRQDOGHO(VWDEOHFLPLHQWR(GLWRULDO$OEHUWR0DUWtQ7RGDXQDVHULHGH UHWtFXODVGLVSXHVWDVHQWUHORVVHFWRUHVIRUPDGRVSRUORVYLDOHVUHOHYDQWHV\ODVFDUUHWHUDVIRUPDEDQHO SUR\HFWRGHHQVDQFKHGHODSREODFLyQTXHHYLGHQFLDEDXQDSUHYLVLyQH[DJHUDGDGHFUHFLPLHQWR ,5)33!.4/39'!.'%3 (O SODQR GH $OEDFHWH HODERUDGR HQ EDMR OD GLUHFFLyQ GH )UDQFLVFR &RHOOR PXHVWUD FODUDPHQWHFyPRHOFUHFLPLHQWRHVSDFLDOGHOD FLXGDG GHFLPRQyQLFD DO QRUWH GH OD SOD]D GHO $OWR]DQRVHIRUPDOL]DPHGLDQWHXQDHVWUXFWXUD YLDOUHJXODUDXQTXHQRH[DFWDPHQWHRUWRJRQDO FRQODUHIHUHQFLDSUHYLDGHFDOOHVFRPRODVGH 6DQ$QWyQ6DQ-XOLiQR6DQ$JXVWtQ6HDEULy KDFLDODFDOOHGHOUtRR3URJUHVR\\DHQ XQDYH]FRQVWUXLGRHOIHUURFDUULOWDPELpQ VXVSDUDOHODVODFDOOHGH6DODPDQFDHQKRQRU GH-RVpGH6DODPDQFDHOSURPRWRUGHO0DGULG $OLFDQWHSRUGLULJLUVHHVWDFDOOHKDFLDHOHGLÀFLR GHYLDMHURVGHODHVWDFLyQ\ODFDOOHGHO0XHOOH TXHHQÀODEDKDFLDHOPXHOOHGHPHUFDQFtDVGH ODHVWDFLyQ(OOXJDUPiVYDORUDGRGHHVWDSDUWH GHODFLXGDGIXHPX\SURQWRHOYLDOTXHSDUWtD GHODSOD]DGHO$OWR]DQRKDFLDHO1RUWHODFDOOH 3URJUHVRTXHVHUtDPiVDGHODQWHHQVDQFKDGD\ FRQYHUWLGDHQXQEXOHYDUFHQWUDOUHSUHVHQWDWLYR GHO1XHYR5pJLPHQHOSDVHRGH$OIRQVR;,, HO HMH XUEDQR FHQWUDO GH ODV RSHUDFLRQHV GHFL PRQyQLFDVGHWUDQVIRUPDFLyQHQGLUHFFLyQDOD YtDIpUUHD /DYtDGH0=$HUDXQOtPLWHXQERUGHXU EDQR KDFLD HO TXH OD FLXGDG FUHFHUtD KDVWD UH OOHQDU HO HVSDFLR VREUH WRGR SRU HO 1RUWH (Q GHÀQLWLYDODVYtDVDSHQDVVHFRPSRUWDURQFRPR XQDEDUUHUDRXQREVWiFXORXUEDQRHQODPHGLGD HQTXHQRKDEtDFLXGDGDORWURODGRQLWDPSRFR FDUUHWHUDV GH SULPHU RUGHQ< SXHGH DÀUPDUVH TXH DSHQDV KXER VDOWRV HQ HO SULPHU VLJOR GH H[LVWHQFLDGHOIHUURFDUULOWDOFRPRSXHGHDSUH FLDUVHHQHOSODQRHGLWDGRSRU(VSDVD&DOSHKD FLD 6DOYR HO FHPHQWHULR \ VX HUPLWD DO RWURODGRGHOIHUURFDUULOWDQVyORKXERWHUUD]JR DORODUJRGHOVLJOR;,;(VGHFLUGXUDQWHGp FDGDVQRVHUHJLVWUyXVRXUEDQRPiVDOOiGHODV YtDV\WDUGDUtDQHQLQVWDODUVHDOJ~QDOPDFpQIi EULFDRODSURSLDFiUFHO$GHPiVODFRQYHUVLyQ GHO DPXUDOODPLHQWR HQ SDVHRV VXSXVR SRU OR TXHUHVSHFWDDOIHUURFDUULOGLVSRQHUGHDPSOLRV YLDOHVSDUDOHORVDODYtDDOJRXUEDQtVWLFDPHQWH PX\FRQYHQLHQWH <DHQHOVLJOR;;ORVSUR\HFWRVGHDOLQHD FLRQHVGHSULQFLSLRVGHVLJORTXHWDPELpQFRQ WHQtDQHQVDQFKHVDVtFRPRHOSODQXUEDQRGH TXHSUR\HFWDEDODH[WHQVLyQJHQHUDOL]D GDGHODFLXGDGPHGLDQWHHQVDQFKHVUHWLFXODUHV HQVHFWRUHVRULHQWDGRVSRUYLDOHVUDGLDOHVKH UHGHURV GH OD FDPLQHUtD \ FDUUHWHUtD WUDGLFLR QDOHVIXHURQUHDOPHQWHSUR\HFWRVS~EOLFRVGH HQVDQFKHJHQHUDOL]DGRTXHQRSRQtDQHQGXGD OD FRQVROLGDGD GLVSRVLFLyQ GHO VLVWHPD IHUUR YLDULR\TXHVLQHPEDUJRGLEXMDEDQH[WHQVRV VXHORV SDUD OD H[SDQVLyQ XUEDQD KDFLD WRGRV ORVSXQWRVFDUGLQDOHV9DULRVJUDQGHVHMHVXU EDQRVSRGtDQFDQDOL]DUXQFUHFLPLHQWRRUGHQD GR\DWUDFWLYRHQWUHORVTXHGHVWDFDPRVWUHV KDFLDHO2HVWHODFDUUHWHUDGH0DGULGKDFLDHO 6XURHVWH HO SDVHR GH OD )HULD \ KDFLD HO 6XU HOSDVHRGHOD&RQÀDQ]D'HKHFKRWDOFRPR SXHGHDSUHFLDUVHHQHOSODQRGHOHGLWRU$OEHU WR0DUWtQKDFLDHOFUHFLPLHQWRKDFLDOD )HULD GHFLPRQyQLFD \ OD SURSLD FRQVWUXFFLyQ GHOSDUTXHGH&DQDOHMDVDOVXUGHODFLXGDGVRQ IHQyPHQRV GH ODV SULPHUDV GpFDGDV GHO VLJOR ;;3HURQRGHMDEDGHVHUXQFUHFLPLHQWRHV SDFLDO TXH HVER]DED FLHUWD H[FHQWULFLGDG GHO FHQWUR XUEDQR EXUJXpV URGHDGR SRU EDUULRV KLVWyULFRV\OLPLWDGRSRUODVYtDV &RQWRGRHOIHUURFDUULOIXHKDVWDDSUR[LPD GDPHQWHORV DxRV YHLQWHXQ HYLGHQWHIDFWRUGH FUHFLPLHQWR HFRQyPLFR \ XQ PHGLR GH WUDQV SRUWH TXH GHIHQGHU DQWH ODV DXWRULGDGHV /D FLXGDG ´PLPDEDµ DO IHUURFDUULO D SHVDU GH ODV GLÀFXOWDGHV LQKHUHQWHV DO WUDWR FRQ XQD GH ODV JUDQGHV HPSUHVDV GHO SDtV (O $\XQWDPLHQWR VH SUHRFXSDED SRU OD PHMRU IXQFLRQDOLGDG GHO VLVWHPDIHUURYLDULR\VXVLQKHUHQWHVEHQHÀFLRV ORFDOHVYDOJDQFRPRHMHPSORVHODSR\RDOSUR \HFWR GH UHIRUPD \ DPSOLDFLyQ GH OD HVWDFLyQ \ D OD FRQVWUXFFLyQ HQ SLHGUD GHO SDVR VXSHULRU GHQRPLQDGR SXHQWH GH PDGHUD OD VROLFLWXG GH SDUD HVWDEOHFHU OD GREOHYtDHQWUH$OEDFHWH\&KLQFKLOODRODSHWL FLyQGHSDUDTXHVHFRQVWUX\HVHXQDQXHYD HVWDFLyQ 9pDQVHORVQXPHURVRVH[SHGLHQWHVH[LVWHQWHVHQHO$UFKLYR+LVWyULFR)HUURYLDULRGHOD)XQGDFLyQGHORV)HUURFDUULOHV(VSDxROHV$+) VREUHWRGR&'\' !»/3$%&%22/#!22),%.!,"!#%4% )LUSTRACIØN,ASINSTALACIONESFERROVIARIASDELAESTACIØNDE!LBACETEEN )XHQWH$UFKLYR+LVWyULFR)HUURYLDULR$+)VLJQ%SODQRDHVFDODGHO´3UR\HFWRGH DPSOLDFLyQGHYtDVSDUDHOGHSyVLWRGHFDUEyQµ(VWDFLyQGH$OEDFHWH/tQHDGH0DGULGD$OPDQVD&RPSDxtD GHORV)HUURFDUULOHVGH0DGULGD=DUDJR]D\D$OLFDQWHDxRGH6HWUDWDGHODHVWDFLyQGH0=$ HQSOHQRDSRJHRFRQVXVLQVWDODFLRQHVGH9tD\2EUDV0DWHULDO)LMR9LYLHQGDVSDUDREUHURV'HSyVLWR 7DOOHUHV\9LYHURVGHOODGRH[WHULRUGHODHVWDFLyQ\FRQHO5HFRUULGRODV2ÀFLQDVOD&DVDGHHPSOHDGRV HO(GLÀFLRGH9LDMHURV&RUUHRVOD)DFWRUtDGH3HTXHxD9HORFLGDG\ORVDOPDFHQHVPXHOOHV\SDWLRGH 0HUFDQFtDVGHOODGRGHODFLXGDG$GHPiVGHORWURODGRGHODVYtDV\DKD\QXHYRVXVRVQRIHUURYLDULRVHO $VLORGH6DQ$QWyQ\XQDOPDFpQGHDERQRVMXQWRDOSDVRDQLYHOGH/RV<HVDUHVDPHWURVGHOHMHGHO HGLÀFLRGHYLDMHURVDVtFRPROD)iEULFD\$OPDFHQHVGH+*XLOORWFRQHFWDGDFRQODSOD\DGHYtDV ,!/0/245.)$!$$%, &%22/#!22),$%"!%:!! 54)%,9,!02/05%34!$%5.! %34!#)¼.#/-Â.,!0/,³-)#! 3/"2%35!,%*!-)%.4/ (QHO'LUHFWRULRFLYLOGHOJHQHUDO3UL PRGH5LYHUDGLFWDEDHQHOPDUFRGHXQDDP ELFLRVDSROtWLFDGHLQYHUVLyQHQREUDVS~EOLFDV HO5HDO'HFUHWR/H\GHGHPDU]RDSUREDQGR HO3ODQ3UHIHUHQWHGH8UJHQWH&RQVWUXFFLyQGH )HUURFDUULOHVR3ODQ3UHIHUHQWHGH)HUURFDUUL OHV GH 8UJHQWH &RQVWUXFFLyQ FRQRFLGR KDEL WXDOPHQWH FRPR 3ODQ *XDGDOKRUFH SRU VHU VX SULQFLSDO DUWtÀFH HO PLQLVWUR GH )RPHQWR GH HQWRQFHVHOLOXVWUHLQJHQLHURGHFDPLQRV5D IDHO %HQMXPHD %XUtQ FRQGH GH *XDGDOKRUFH 7LHQHDTXtVXDUUDQTXHODpSRFDGHORVIHUURFD UULOHVGLUHFWRV\GHODVOtQHDVWUDQVYHUVDOHVGH PDOODGRGHODUHGGHDQFKRQRUPDOGHLQLFLD WLYDHVWDWDO 3XHV ELHQ HO SODQWHDPLHQWR GH XQD QXHYD OtQHDIpUUHDGH%DH]DD8WLHOSRU$OEDFHWHHUD XQDGHHVDVJUDQGHVWUDQVYHUVDOHV\DIHFWDEDGH OOHQRDODSURYLQFLDGH$OEDFHWHDOGLVFXUULUSRU $OFDUD]$OEDFHWH\&DVDV,EixH](O'HFUHWR /H\GHGHPDU]RGHGLFWDEDODFRQVWUXF FLyQ GHO WUDPR %DH]D$OEDFHWH \ HO 'HFUHWR /H\GHGHIHEUHURGHKDFtDORSURSLRFRQ HOWUDPR$OEDFHWH8WLHO(VGHFLUODHVWDFLyQGH $OEDFHWHDGTXLULUtDPD\RUUHOHYDQFLDHQVXFD OLGDGGHQXHYRQXGRIHUURYLDULR $OEDFHWHQRKDEtDSRGLGRVHUQXGRIHUURYLD ULR DQWHULRUPHQWH SRUTXH OD ELIXUFDFLyQ GH ODV OtQHDVGH$OLFDQWH\ GH &DUWDJHQDIXH XELFDGD SRU0=$HQ&KLQFKLOODGHIHQGLHQGRVXVLQWH UHVHVGHHQWLGDGFRQVWUXFWRUDFRQWUDODRSLQLyQ PXQLFLSDOHLQFOXVRFRQWUDODFRQFHVLyQDGPL QLVWUDWLYD /D FRPSDxtD KDEtD ORJUDGR VDOLUVH FRQODVX\DHQDTXHOODRFDVLyQ3HURHOSUR\HFWR S~EOLFR GHO %DH]D8WLHO SDUHFtD TXH LQGLVFXWL EOHPHQWHGHEtDFRQYHUWLUD$OEDFHWHHQXQDX ,5)33!.4/39'!.'%3 WpQWLFRQXGRFRQODVRSRUWXQLGDGHVGHGHVDUUR OORTXHHOORVXSRQtD )XH HQ DEULO GH FXDQGR VH FRQVWLWX\y ODSULPHUDFRPLVLyQPL[WDSDUDHOHVWXGLRGHOD QXHYD HVWDFLyQ GH $OEDFHWH 'HEtD HVWXGLDUVH XQ SUR\HFWR GH HVWDFLyQ SDUD ORV VHUYLFLRV GH 0=$\GHO(VWDGRORTXHHQWRQFHVVHYHQtD D GHQRPLQDU ´HVWDFLyQ FRP~Qµ TXH HQ $OED FHWHVHOODPy´HVWDFLyQGHFRQMXQWRµ'HVGHHO SXQWRGHYLVWDIXQFLRQDOVHSHQVDEDTXHHUDXQD FXHVWLyQGHRSRUWXQLGDGIHUURYLDULDSRUORTXH GHEtDGHWUDWDUVHGHXQDHVWDFLyQFRP~QGLPHQ VLRQDGD SDUD DFRJHU GLYHUVDV LQVWDODFLRQHV GH VHUYLFLR$Vt \D HQ VH FRQFLELy XQ SUR \HFWR TXH FRQVLVWtD HQ DPSOLDU \ SHUIHFFLRQDU ODVLQVWDODFLRQHVH[LVWHQWHV $ÀQDOHVGHORVDxRVYHLQWHVLQHPEDUJR\D QRHUDHOIHUURFDUULODSHVDUGHVXSUHVWLJLRGH GpFDGDVHOPRGRHVWUHOODDQWHHOTXHVHULQGHOD DOWD VRFLHGDG (O DXWRPyYLO YHQtD YLVOXPEUDQ GRVXFUHFLHQWHHVSOHQGRUGHVGHSULQFLSLRVGHO VLJOR\SUHFLVDPHQWHHQVHLQDXJXUDEDHO )LUSTRACIØN,OSDIVERSOSPROYECTOSFERROVIARIOS )XHQWHHODERUDFLyQSURSLDVREUHXQGLEXMRREWHQLGRGH)XHQVDQWD&DVDGR\-DFLQWR*RQ]iOH](QDQFKDOtQHD FRQWLQXDORVIHUURFDUULOHVHQVHUYLFLR\HQDQFKDOtQHDGLVFRQWLQXDHO%DH]D8WLHOTXHIXHSDUFLDOPHQWHFRQVWUXLGR (OUHVWRGHOtQHDVUHSUHVHQWDQDSURSXHVWDV\SUR\HFWRVGHIHUURFDUULOHVTXHIXHURQHQVXGtDSUHVHQWDGRVRGHIHQGLGRV !»/3$%&%22/#!22),%.!,"!#%4% DHUyGURPRFLYLOGH/RV/ODQRV/DHVWDFLyQHUD FDGDYH]PiVXQ´HTXLSDPLHQWRLQGXVWULDOµFRQ HOTXHGHEtDFRQWDUVHSHURTXHQRGHEtDLQWHU IHULU FRQ HO GHVDUUROOR XUEDQR R PHMRU FRQ OD FHQWUDOLGDGXUEDQDHVGHFLUHOFHQWUR\VXHQ VDQFKH 'HDKtTXHHVWDRSRUWXQLGDGSDUDSUR\HFWDU XQDQXHYDOtQHD\XQDHVWDFLyQFRP~QTXHOR HUDPiVSDUDHOGLQDPLVPRHFRQyPLFRGHORVWH UULWRULRV\Q~FOHRVDWUDYHVDGRVTXHSDUDODSUR SLDUHGIpUUHDQRIXHUDVXÀFLHQWHPHQWHYDORUDGD GHVGH OD HOLWH ORFDO 2 Vt OR IXH SHUR VXSHGLWy HVH´LQWHUpVJHQHUDOµSRURWUR´LQWHUpVJHQHUDOµ GLVWLQWRHOGHODEXUJXHVtDSURSLHWDULDTXHSUH WHQGtD FRQGLFLRQDU XQD JUDQ LQYHUVLyQ HVWDWDO SDUD TXH UHVROYLHUD XQ DVXQWR SULPRUGLDOPHQ WHGHHVWUXFWXUDXUEDQDDVHJXUDUODFHQWUDOLGDG JHRPpWULFDDOD\DFRQVROLGDGDFHQWUDOLGDGXU EDQtVWLFD\DSURSLDUVHGHOHVSDFLROLEHUDGRSDUD XQIXWXURHQVDQFKHPRGHUQR\IXQFLRQDO $Vt SUHFLVDPHQWH SRUTXH OD OLJHUD DPSOLD FLyQGHODHVWDFLyQSUHH[LVWHQWHYHQtDDLQWHUIH ULUFRQHO´SODQµGHHQVDQFKHTXHHO&RQVLVWRULR GH$OEDFHWH KDEtD IRUPDGR HO DOFDOGH VROLFLWy LQFOXLU PRGLÀFDFLRQHV (O $\XQWDPLHQWR VRV WHQGUtD GHVGH HQWRQFHV TXH ODV QHFHVLGDGHV GH XQDHVWDFLyQFRP~Q´KDUtDQPiVSHVDGDODFDU JDGHWHQHUWDQFHUFDGHODFLXGDGKLVWyULFDµD ODV LQVWDODFLRQHV IHUURYLDULDV FX\D DPSOLDFLyQ DJUDYDUtDORVSUREOHPDVGHEDUUHUD\PROHVWLDV GHULYDGDVGHODFLUFXODFLyQGHDKtTXHODVROX FLyQHVWDEDHQGHVSOD]DUODHVWDFLyQ1yWHVHTXH QRVHGLVFXWtDQWDQWRORVWUD]DGRVFRPRODSUR SLDHVWDFLyQSXHVVHHVWDEDFRQYLUWLHQGRpVWDHQ XQDPROHVWLDSDUDHOFHQWURXUEDQRTXHQRHUD WDQ KLVWyULFR VLQR GHO VLJOR ;,;$XQTXH SRU RWURODGRHVMXVWRVHxDODUTXHHOFUHFLPLHQWRGH PRJUiÀFRGH$OEDFHWHSRUDTXHOODVGpFDGDVHUD UHODWLYDPHQWHLQWHQVR\ODQHFHVLGDGGHYLYLHQ GDHUDVHQWLGDHQWUHORVSROtWLFRVORFDOHV (QMXQLRGHVHFHOHEUyXQDFWRFRQYR FDGRSRUHODOFDOGHGH$OEDFHWHHQHOTXHSDUWL $+)& $*$6HFFLyQ2EUDV3~EOLFDV,'''RF0HPRULD FLSDURQ´VHxRUHV\UHSUHVHQWDFLRQHVGHIXHU]DV YLYDVGHODSREODFLyQµHVGHFLUFRQFHMDOHVGL SXWDGRVSURYLQFLDOHV\RWURVSROtWLFRVWpFQLFRV GH GLYHUVD tQGROH SURSLHWDULRV LQGXVWULDOHV \ UHSUHVHQWDQWHV GH OD &iPDUD GH &RPHUFLR GH OD&iPDUDGHOD3URSLHGDG8UEDQDGHO$WHQHR GHO&DVLQR$UWtVWLFRHWFSDUDWUDWDU´GHTXHOD QXHYD HVWDFLyQ SUR\HFWDGD GH FRQMXQWR GH ODV OtQHDV GH ORV IHUURFDUULOHV GH 0=$ \ %DH]D D8WLHOVHDGLVWDQFLDGDGHOHPSOD]DPLHQWRTXH WLHQH OD TXH DFWXDOPHQWH H[LVWHµ FRQ HO ÀQ GH UHVROYHUORVSUREOHPDVJHQHUDGRVSRUVX´H[FH VLYDSUR[LPLGDGµTXHQRHUDQVLQRHOFDUiFWHU GH EDUUHUD LQIUDQTXHDEOH SDUD OD H[SDQVLyQ GH ODFLXGDGHQHVWRVDxRVHOWpUPLQR¶HQVDQFKH· KDEtD SHUGLGR IXHU]D IUHQWH DO WpUPLQR ¶H[WHQ VLyQ·\HOSHOLJUR\ODGLÀFXOWDGSDUDODFLUFXOD FLyQTXHUHSUHVHQWDEDHOSDVRDQLYHOH[LVWHQWH HQWUHODSREODFLyQ\HOFHPHQWHULR<SDUHFLHUD FDVXDOLGDG TXH OD SURSXHVWD GHO DOFDOGH IXHVH DFODPDGD SRU ORV SUHVHQWHV D SHWLFLyQ SUHFLVD PHQWHGHOSUHVLGHQWHGHOD&iPDUDGHOD3URSLH GDG8UEDQDFRQODFRQFOX\HQWHSHWLFLyQGHTXH ´VH KDJD XQ HVWXGLR GH QXHYDV VROXFLRQHV TXH VDWLVIDJDQODVFRQGLFLRQHVH[SXHVWDVµ 'XUDQWHORVDxRVGHOD5HS~EOLFDVHHVWXGLD URQ WRGDV ODV RSFLRQHV 6HJ~Q ORV H[SHGLHQWHV FRQVXOWDGRVHQHO$UFKLYR*HQHUDOGHOD$GPL QLVWUDFLyQ$*$SDUHFHVHUTXHHQRFWXEUHGH IXHURQIRUPDGRVGRVDQWHSUR\HFWRVGLVWLQ WRVXQRGHDPSOLDFLyQGHODHVWDFLyQH[LVWHQWH \RWURGHGHVSOD]DPLHQWRGHODHVWDFLyQ<WUDV ODSROpPLFDXQD2UGHQ0LQLVWHULDOGHGHGL FLHPEUHGHGLFWDPLQDEDODUHGDFFLyQGHO SUR\HFWRGHDFXHUGRFRQODVHJXQGDVROXFLyQHO ´GLVWDQFLDPLHQWRµ'HVFRQRFHPRVFyPRVHOOH JyDHVDGHFLVLyQSHURQRSDUHFHTXHVHFHUUD UDHOFRUUHVSRQGLHQWHSUR\HFWRKDVWDGLH]DxRV GHVSXpV'HKHFKRVDEHPRVLQGLUHFWDPHQWHGH ODH[LVWHQFLDGHXQSUR\HFWRGHHVWDFLyQGHVYLD GDGHIHFKDGHDEULOGH8QDGHVYLDFLyQ KDFLD HO 1RURHVWH TXH DOHMDED OD HVWDFLyQ VHLV FHQWHQDUHVGHPHWURVUHVSHFWRGHODH[LVWHQWH ,5)33!.4/39'!.'%3 /RVDUJXPHQWRVLQFOXLGRVHQHOSUR\HFWRGH TXH WHQGtDQ D MXVWLÀFDU RÀFLDOPHQWH HVWH GHVYtR HUDQ HO JUDQ FUHFLPLHQWR GHPRJUiÀFR GHODFLXGDGTXHH[LJHVXDPSOLDFLyQHVSDFLDO \ODHVFDVDSUHVHQFLDGHORVUHFRUULGRVUHJLRQD OHV\ORFDOHVDORVXVXDULRVGHOODUJRUHFRUULGR FRQXQRVWLHPSRVGHWUDQVSRUWHHOHYDGRV\XQD IUHFXHQFLD EDMD GH XVR HQ SRFR OH SHUMXGLFD UtDHVWHDOHMDPLHQWR'RVVLPSOHVH[FXVDVTXH DSHQDV HVFRQGtDQ OD LGHD GH TXH HO IHUURFDUULO PROHVWDED\ODVROXFLyQHUDTXLWiUVHORGHHQPH GLR DOHMDUOR 3RU XQ ODGR HO JUDQ FUHFLPLHQWR GH$OEDFHWHHQWpUPLQRVGHPRJUiÀFRVGXUDQWH HOVLJOR;;VHSURGXMRHQWUHHODUUDQTXHGHOD FHQWXULD \ OD *XHUUD &LYLO SHUR ODV VLJXLHQWHV GpFDGDVIXHURQGHXQFUHFLPLHQWRQRWRULDPHQWH PiVOHQWRDOPHQRVKDVWDODLQGXVWULDOL]DFLyQGH ORVDxRVVHVHQWD\SRVWHULRUHV3RURWURODGROD LGHDGHTXHDOHMDUODHVWDFLyQQRFRQOOHYDEDSHU MXLFLRVDORVXVXDULRVGHOWUHQHUDFXDQGRPHQRV SHUHJULQD(VGHFLUSRGtDKDEHUWDOYH]PXFKDV UD]RQHVSDUDHOGHVYtRSHURHUDQGHHVFDODORFDO QRIHUURYLDULD\QRVHH[SUHVDEDQFODUDPHQWH /D UHFLpQ FUHDGD 5HQIH GHIHQGLy HQWRQFHV VXVLQWHUHVHVGHFRPSDxtDRSHUDGRUDPDQLIHVWy ODLQQHFHVDULHGDGGHOWUDVODGR\HOVREUHGLPHQ VLRQDGR GH ODV LQVWDODFLRQHV SURSXHVWDV < OD 'LYLVLyQ,QVSHFWRUDGH)HUURFDUULOHVDÀUPyHQ TXH HQFDUHFtD OD PRYLOLGDG \ TXH VXSR QtDXQIXQHVWRSUHFHGHQWHDORTXHDxDGLyXQD DVHYHUDFLyQTXHFUHHPRVPX\LPSRUWDQWH\DP SOLDEOH D RWURV FDVRV ´HV SHUIHFWDPHQWH FRP SDWLEOH HO HQJUDQGHFLPLHQWR GH OD SREODFLyQ FRQODH[LVWHQFLDFpQWULFDGHOIHUURFDUULOµ8Q DVHUWRTXHWRGDYtDHVKR\YLJHQWHRORHVPiV TXH QXQFD D SHVDU GH WDQWRV HMHPSORV FRQWUD GLFWRULRV 'H HVWD PDQHUD OD SROpPLFD VH HVWDEOHFtD HQWUHODVROXFLyQGHEDVDGDHQXQDSHTXH xDDPSOLDFLyQGHODHVWDFLyQH[LVWHQWH\ODGH EDVDGDHQXQFODURDOHMDPLHQWRGHOVLVWH PDIHUURYLDULR6HSODQWHDHQWRQFHVODSRVLELOL GDGGHXQDVROXFLyQLQWHUPHGLDXQDOHMDPLHQWR PHQRU $OJR TXH HVER]D OD SURSLD 'LUHFFLyQ *HQHUDO GH )HUURFDUULOHV HQ < WRGR HOOR VLQROYLGDUTXHHOGHVHQFDGHQDQWHHUDODFRQV WUXFFLyQGHO%DH]D8WLHOODWHQVLyQHUDHOIXHUWH FUHFLPLHQWRXUEDQR\HOWUDVIRQGRXQDVXQWRGH FHQWUDOLGDG 6yOR DVt SXHGH HQWHQGHUVH TXH XQ SUR\HFWRGHHVWDFLyQFRP~QVHHVWXYLHUDSODQ WHDQGRFRPRXQDYDULDQWHIHUURYLDULD < HQ ORV DUJXPHQWRV PXQLFLSDOHV GH FDUD DO GHVYtR IHUURYLDULR HVWiQ PiV H[SOLFLWD GRV OD HVWDFLyQ FRQOOHYD SHOLJURV \ PROHVWLDV VXXELFDFLyQHV´SHUMXGLFLDOSDUDXQGHVDUUROOR QRUPDOGHODSREODFLyQµ\VXDPSOLDFLyQDJUD YDUtD ORV ´SHUMXLFLRV XUEDQtVWLFRVµ 3HUR ¢TXp GHEHHQWHQGHUVHSRUXQGHVDUUROORQRUPDORSRU XQSHUMXLFLRXUEDQtVWLFRFXDQGRpVWRVQRVHSHU ÀODQ"¢1RODWHHQHVWDVH[SUHVLRQHVHOUHFKD]R DOIHUURFDUULO" (Q HVWRV DxRV 0DGULG WLHQH \D VX ÁDPDQWH 3ODQ*HQHUDOGH8UEDQL]DFLyQ\HO$\XQWDPLHQ WR GH$OEDFHWH VH SRQH PDQRV D OD REUD HQ HO PLVPRVHQWLGR6HUiHQDQWHVGHODSULPH UD/H\GHUpJLPHQGHOVXHORGHFXDQGRVH DSUXHEHHOFRUUHVSRQGLHQWHSODQGHRUGHQDFLyQ GH$OEDFHWH GRQGH ODV H[FHVLYDV SUHYLVLRQHV GHVXHOR\HO]RQLQJVRFLRHFRQyPLFR\IXQFLR QDO VH DOLDEDQ FRQ OD GHFLVLyQ SUHPHGLWDGD GH GHVYLDUHOIHUURFDUULOXQRVPHWURVKDFLDHO 1RUHVWHVREUHXQRVWHUUHQRVHQFKDUFDGL]RV(UD XQWRXUGHIRUFH HQODDSXHVWDSRUXQHQVDQFKH GHOFHQWUR (QORVDxRVFLQFXHQWDHO0LQLVWHULRGH2EUDV 3~EOLFDVQRWRPDQLQJXQDGHFLVLyQDOUHVSHFWR <HQHOFRPLHQ]RGHODVLJXLHQWHGpFDGDOOHJDOD GHFLVLyQJXEHUQDPHQWDOGHDEDQGRQDUODOHQWtVL PDFRQVWUXFFLyQGHO%DH]D8WLHOVLJXLHQGRODV UHFRPHQGDFLRQHVGHOIDPRVRLQIRUPHGH VREUH HO GHVDUUROOR HFRQyPLFR HQ (VSDxD HOD ERUDGRSRUHO%DQFR,QWHUQDFLRQDOGH5HFRQV WUXFFLyQ\'HVDUUROOR(VGHFLU\DQRKDFtDIDOWD /DSREODFLyQFHQVDOGHKHFKRGHOPXQLFLSLRGH$OEDFHWHHYROXFLRQyDVtKDELWDQWHVHQHQHQ HQHQHQHQ\HQ $*$23,'''RF0HPRULD *DUFtD0DUWtQH]S !»/3$%&%22/#!22),%.!,"!#%4% XQDHVWDFLyQFRP~Q\VH GHVPRQWDEDODUD]yQ IXQFLRQDOGHOSUR\HFWR6yORTXHGDEDQORVDUJX PHQWRVPXQLFLSDOHVGHDOFDQFHORFDO #¼-/3%,,%'!!$%#)$)2 9#/.3425)2,!.5%6! %34!#)¼.%,0,!.$%#%.!,$% -/$%2.):!#)¼.$%2%.&% (Q OD RSRUWXQLGDG GHO %DH]D8WLHO KDEtD SDVDGR D FRQYHUWLUVH HQ XQ IDQWDVPD< WRGR SRGtD TXHGDUVH FRPR HVWDED$GHPiV OD FLXGDGGH$OEDFHWHQRÀJXUDEDHQODVOLVWDVGH Q~FOHRV GH FUHFLPLHQWR TXH HO *RELHUQR HVWD ED HODERUDQGR 'H KHFKR HO HQRUPH SHVR GH 0DGULG FRQGLFLRQDED TXH QLQJXQD RWUD FLXGDG GH &DVWLOOD OD 1XHYD IXHVH SROR GH GHVDUUROOR LQGXVWULDO QL SROR GH SURPRFLyQ LQGXVWULDO \ VyORVHDSUREDUtDQSROtJRQRVGHGHVFRQJHVWLyQ SDUD*XDGDODMDUD7ROHGR$OFi]DUGH6DQ-XDQ \0DQ]DQDUHV &RQ WRGR OD LQGXVWULDOL]DFLyQ GH OD FLX GDGOOHJDUtDHQODPLVPDpSRFDTXHODVGHPiV FLXGDGHV PHGLDQDV HVSDxRODV (QWUH RWUDV PXFKDVUD]RQHVSRUTXHWDPELpQHQOD 5HQIHDSUREDEDVX3ODQ'HFHQDOGH0RGHUQL ]DFLyQ3'0HQHOTXHSODQLÀFD EDVXUHRUJDQL]DFLyQ\VXVLQYHUVLRQHVDODUJR SOD]R DXQTXH VXMHWDV DO 3ODQ GH 'HVDUUROOR (FRQyPLFR \ 6RFLDO SDUD HO SHUtRGR 3XHVELHQHO3'0SUHYLyODLQVWDODFLyQ HQ$OEDFHWH GH XQR GH ORV SRFRV FHQWURV GH FODVLÀFDFLyQGHWUHQHVGHPHUFDQFtDVIUHQWHD ODRSFLyQGHKDFHUORHQ$OFi]DUGH6DQ-XDQ <HVWDEDSHQGLHQWHGHGHFLVLyQODUHRUJDQL]D FLyQGHOVLVWHPDGHGHSyVLWRV\UHVHUYDVWRGD YH]TXHHUDODpSRFDGHODGLHVHOL]DFLyQ\OD HOHFWULÀFDFLyQORTXHSRGtDPDWHULDOL]DUVHHQ IRUPD GH PRGHUQRV WDOOHUHV GH PDWHULDO /R PLVPR FDEtD GHFLU GH ODV HVWDFLRQHVFHQWUR HVGHFLUODVLQVWDODFLRQHVHVSHFtÀFDVSDUDOD SDTXHWHUtD \ HO WUDQVSRUWH GH PHUFDQFtDV DO GHWDOOH 'HHVWDIRUPD$OEDFHWHDGTXLUtDHQHO3'0 XQ YDORU HVWUDWpJLFR TXH DQWHV QR WHQtD< WDQ FXULRVDFRPRH[WUDxD\UiSLGDPHQWHHVDRSRU WXQLGDGGHYHULÀFyHQUHDOLGDGSDOSDEOHHQPX\ SRFR WLHPSR SXHV HQ OD VHJXQGD PLWDG GH ORV DxRV VHVHQWD VH FRQVWUX\HURQ OD PD\RU SDUWH GHODVLQVWDODFLRQHVIHUURYLDULDVTXHKR\HQGtD H[LVWHQLQFOXVRDQWHVGHTXHOOHJDUDODHOHFWUL ÀFDFLyQ /DQXHYDHVWDFLyQGH$OEDFHWHIXHLQDXJXUD GDHOGHQRYLHPEUHGHSRUHOPLQLVWUR GH2EUDV3~EOLFDV6HFRQVWUX\yDXQDGLVWDQFLD DSUR[LPDGD GH PHWURV GH OD SUHH[LVWHQWH SRU GHEDMR GH OD KRUTXLOOD GH PHWURV TXH HO $\XQWDPLHQWR HVWXYR GXUDQWH GpFDGDV GHPDQGDQGRSHURVXÀFLHQWHPHQWHDOHMDGD 3XGRDVtSURGXFLUVHODGHVDIHFFLyQ\YHQWDGH ORVWHUUHQRVGXUDQWHXQVLJORIHUURYLDULRVPiV GHKHFWiUHDVTXHGHEtDQVHULQFRUSRUDGDVD ODFLXGDGSDUDORVXVRVTXHVHHVWLPDVHQSHUWL QHQWHV/DFHVLyQEDMRSUHFLRGHHVWRVWHUUHQRV REOLJDEDD5HQIHVHJ~QODQRUPDWLYDHQWRQFHV HQYLJRUDHPSOHDUHVWDFDQWLGDGHQODVLQYHU VLRQHVIHUURYLDULDVDXQTXHQRUHSUHVHQWDVHJUDQ FRVDIUHQWHDOFRQMXQWRGHQXHYDVFRQVWUXFFLR QHVTXHFRQVWLWXtDQXQDXWpQWLFRFRPSOHMRIH UURFDUULOHURIXHUDGHODFLXGDGGHVYLDFLyQGHOD OtQHDHVWDFLyQGHYLDMHURVHVWDFLyQGHGHWDOOH GHSyVLWRWDOOHUHV\HVWDFLyQGHFODVLÀFDFLyQ &RQFOX\HQGR\DHVWDSRQHQFLDFDEHVHxDODU TXHFRUUHVSRQGHVREUHWRGRDORVDxRVVHWHQWD \ RFKHQWD GHO VLJOR SDVDGR OD IRUPDOL]DFLyQ \ RFXSDFLyQGHOHVSDFLRH[LVWHQWHHQWUHODFLXGDG FRQVROLGDGD \ HO QXHYR FRUUHGRU IHUURYLDULR (O DUJXPHQWR PXQLFLSDO GHO GHVYtR HUD OD VH ULHGHPROHVWLDVTXHHOIHUURFDUULOFDXVDEDHQOD FLXGDGSHURPX\SURQWRIXHFODVLÀFDGRFRPR XUEDQL]DEOH HO VXHOR FROLQGDQWH PRVWUiQGRVH OD LQYDOLGH] GHO UD]RQDPLHQWR 3RU XQ ODGR HO 1yWHVHTXHHQODHVWDFLyQDFWXDOD~QH[LVWHQDIRUWXQDGDPHQWHODVDJXDGDVWHVWLPRQLRGHODpSRFDGHOYDSRUTXHD~QSHUYLYtDFXDQGR VHSUR\HFWy\FRQVWUX\yHOQXHYRFRPSOHMRGH$OEDFHWH $+)6HULH(QODFHV)HUURYLDULRVFDUSHWDVREUH$OEDFHWH´,QIRUPHVREUHWHUUHQRVGH5HQIHDxRµ ,5)33!.4/39'!.'%3 )LUSTRACIØN,AESTACIØNDEYSUENTORNOENLAACTUALIDAD )XHQWHLPDJHQGHO6,*0XQLFLSDO$\XQWDPLHQWRGH$OEDFHWHKWWSZZZDOEDFHWHFRP DQWLJXRFRUUHGRUGHKLHUURGHEtDFRQYHUWLUVHHQ XQ´HMHFtYLFRµQRPEUHGHPRGDHQWUHORVXU EDQLVWDVGHORVDxRVVHWHQWD<SRURWURODGROD FLXGDGYROYtDDFUHFHUKDFLDODHVWDFLyQFRQXQ QXHYRHMHGLUHFWRUODDYHQLGDGHOD(VWDFLyQ(O GHQRPLQDGR SODQ SDUFLDO GHO SROtJRQR GH 6DQ $QWyQTXHQRIXHGHVDUUROODGRGHIRUPDGHÀQL WLYDKDVWDODVHJXQGDPLWDGGHORVVHWHQWDGHOD PDQRGHO,QVWLWXWR1DFLRQDOGH8UEDQL]DFLyQ VXSXVRÀQDOPHQWHODFUHDFLyQGHXQSDUTXHOL QHDO\XQDVDPSOLDVDYHQLGDVVREUHHODQWLJXR FRUUHGRUIpUUHRDVtFRPRXQJUDQSROtJRQRUHVL GHQFLDODEDVHGHWRUUHV\DODPDQHUDIXQFLRQD OLVWDGHOPRPHQWRSDUDXQDGHPDQGDGHSRGHU DGTXLVLWLYRPHGLR\DOWR2VHDQRSDUHFHTXH ÀQDOPHQWHODFHQWUDOLGDGHQVHQWLGRHVWULFWRVH DPSOLDUDKDFLDHO1RUHVWHGDGRHOSHUÀOVXVWDQ FLDOPHQWHUHVLGHQFLDOGHORVVXHORVHQWUHODYLH MD\ODQXHYDHVWDFLyQSHURDOPHQRVHOFHQWUR FRPHUFLDO\GHVHUYLFLRV\DHVHOFHQWURJHRPp WULFR (Q GHÀQLWLYD VH DSUHFLDQ SDUDOHOLVPRV OD DYHQLGD GH OD (VWDFLyQ FRPR SURORQJDFLyQ FRQWHPSRUiQHD GHO SDVHR GH $OIRQVR ;,, KR\ GH OD /LEHUWDG \ HO QXHYR HVSDFLR XUED QRFRPRHQVDQFKDPLHQWRGHOFHQWURDOPHQRV GHVGH HO SXQWR GH YLVWD UHVLGHQFLDO 6yOR FDEH HVSHUDUTXHGHVDSDUH]FDHQODLQVWDQFLDORFDOHO GHVDSHJRDOWUHQDODVQHFHVLGDGHV\H[LJHQFLDV GHO IHUURFDUULO \ VH SODQWHHQ GLVFXUVRV XUED QtVWLFRV GH LQWHJUDFLyQ IHUURFDUULOFLXGDG SDUD TXHORVLQWHUHVHVGHXQRV\RWURVFRQÁX\DQ\ VHGHFLGDQDFFLRQHVHÀFLHQWHV\FRQYHQLHQWHV SDUDWRGRVSDUDHOLQWHUpVJHQHUDOVLHPSUHWDQ PROGHDEOH 0DJiQ3HUDOHVSS 3DUDFXDQGRVHFRQVWUX\HUDHO3ROtJRQRGH6DQ$QWyQHOHQVDQFKHGHODFHQWUDOLGDGHQXQFRQWH[WRGHFUHFLPLHQWRGHPRJUiÀFR\DP SOLDFLyQXUEDQDVHKDEtDYHULÀFDGRKDFLDHO2HVWH\HO6XURHVWHGHUULEDQGR\UHFRQVWUX\HQGRORVEDUULRVKLVWyULFRVGHJUDGDGRVHQXQD IHUR]GLQiPLFDGHVXVWLWXFLyQ !»/3$%&%22/#!22),%.!,"!#%4% ")",)/'2!&·! $5&+,92 *(1(5$/ '( /$ $'0,1,6 75$&,Ð1$*$H[SHGLHQWHVYDULRVGH 2EUDV3~EOLFDVVREUHWRGR,'' ´3UR\HFWR GH HVWDFLyQ GH$OEDFHWH FRP~Q D ODV OtQHDV GH 0DGULG D$OLFDQWH \ %DH]D D 8WLHOµ 6HJXQGD -HIDWXUD GH (VWXGLRV \ &RQVWUXFFLyQGH)HUURFDUULOHVGHHQHUR GH'RF0HPRULD $5&+,92 +,67Ð5,&2 )(5529,$5,2 ² $+)GHOD)XQGDFLyQGHORV)HUURFDUULOHV (VSDxROHV))(H[SHGLHQWHVYDULRVGHOD 6HULHV(QODFHV)HUURYLDULRV,QIUDHVWUXFWXUD \9tD\2EUDV3ODQRV\&RPHUFLDO $<817$0,(172'($/%$&(7($O EDFHWH FLXGDG SULPHU FHQWHQDULR GH QR YLHPEUHGH$\XQWDPLHQWRGH$OEDFHWH %/É148(=3e5(=-XDQ-RVp\RWURV $OEDFHWH HQ VX KLVWRULD $\XQWDPLHQWR GH $OEDFHWH &$6$'2025$*Ð10)XHQVDQWD\*21 =É/(=*Ð0(=-DFLQWR´5HYLVLyQ GHORVSUR\HFWRVGHIHUURFDUULOQRUHDOL]DGRV HQODSURYLQFLDGH$OEDFHWHµSiJV HQ &RQJUHVR GH +LVWRULD GH $OEDFHWH ,9 (GDG&RQWHPSRUiQHD,QVWLWXWRGH(VWXGLRV $OEDFHWHQVHVGHOD([FPD'LSXWDFLyQ3UR YLQFLDO GH $OEDFHWH &6,& &RQIHGHUDFLyQ (VSDxRODGH&HQWURVGH(VWXGLRV/RFDOHV 'Ì$=*$5&Ì$$QWRQLR /D'HVDPRU WL]DFLyQHQODSURYLQFLDGH$OEDFHWH ,QVWLWXWR GH (VWXGLRV $OEDFHWHQVHV ´'RQ -XDQ 0DQXHOµ GH OD ([FPD 'LSXWD FLyQ3URYLQFLDOGH$OEDFHWH$OEDFHWH (1&,&/23(',$ 81,9(56$/ ,/8675$ '$ (8523(2$0(5,&$1$ (GLWRULDO (VSDVD&DOSH7RPR,9SULPHUDHGLFLyQHQ 0DGULG *$5&Ì$0$57Ì1(=&DUPHQ /DSH ULIHULDGHODFLXGDGGH$OEDFHWH,QVWLWXWRGH (VWXGLRV$OEDFHWHQVHV6HULH(VWXGLRVQ~P $OEDFHWH *8(55$0$57Ì1(=$QD0DUtD (O QDFLPLHQWR GHO $OEDFHWH FRQWHPSRUiQHR 8QLYHUVLGDGGH0XUFLD0XU FLD ,167,7872 '( (678',26 $/%$&(7(1 6(6 ,,&RQJUHVRGH+LVWRULDGH$O EDFHWH,9(GDG&RQWHPSRUiQHD,QVWLWXWR GH (VWXGLRV $OEDFHWHQVHV ´'RQ -XDQ 0D QXHOµ$FWDVGHO&RQJUHVRFHOHEUDGRGHO DOGHQRYLHPEUHGH$OEDFHWH 0$*É13(5$/(6-RVp0DUtD (OGH VDUUROORXUEDQtVWLFRGHODFLXGDGGH$OED FHWH,QVWLWXWRGH(VWXGLRV$OEDFHWHQVHVGH OD'LSXWDFLyQ3URYLQFLDOGH$OEDFHWH6HULH ,(VWXGLRVQ~P$OEDFHWH 3$1$'(5202<$&DUORV/DpSRFD GHOD5HVWDXUDFLyQHQ$OEDFHWH 7HVLV'RFWRUDOHQOD8QLYHUVLGDG&RPSOX WHQVHGH0DGULG0DGULG 3$1$'(5202<$&DUORV 7UDGLFLyQ \ FDPELR HFRQyPLFR HQ OD 5HVWDXUDFLyQ $OEDFHWHÀQGHVLJOR,QVWLWXWRGH(VWXGLRV $OEDFHWHQVHV 6HULH (VWXGLRV Q~P $O EDFHWH 3$1$'(52 02<$ 0LJXHO /D FLX GDG GH $OEDFHWH &DMD GH$KRUURV 3URYLQ FLDOGH$OEDFHWH$OEDFHWH 3$1$'(5202<$0LJXHO6REUHOD HVWUXFWXUDVRFLDOGH$OEDFHWHHQWLHPSRGH OD5HVWDXUDFLyQ,QVWLWXWRGH(VWXGLRV$OED FHWHQVHV$OEDFHWH 3$1$'(5202<$0LJXHO´$OEDFHWH HQHOSHULRGR/DHVWUXFWXUDHFR QyPLFD\VRFLDOGH$OEDFHWH/DV DFWLYLGDGHV HFRQyPLFDV µ SS HQ 99$$ +LVWRULD GH $OEDFHWH \ VX &DMD GH $KRUURV &DMD GH $KRUURV3URYLQFLDOGH$OEDFHWH$OEDFHWH ,5)33!.4/39'!.'%3 3$1$'(5202<$0LJXHO (OHVSD FLR JHRJUiÀFR DOEDFHWHQVH $VSHFWRV VR FLRHFRQyPLFRV,QVWLWXWRGH(VWXGLRV$OED FHWHQVHV&(&(/&6,&$OEDFHWH 3$1$'(52 02<$ 0LJXHO ´(O GH VDUUROORXUEDQRGH$OEDFHWHµSSHQ $xLO &XDGHUQRV GH &DVWLOOD/D 0DQFKD 0DGULG 5(1)(/tQHDVGHOWUHQQ~P0D GULGMXQLRGH 52&$)257 &HIHULQR '$/0$8 &DVLPL UR¢" (VSDxD5HJLRQDO7UHVWRPRV HOSULPHURGHHOORVFRQQXPHURVRVSODQRV (VWDEOHFLPLHQWR (GLWRULDO $OEHUWR 0DUWtQ %DUFHORQD 6$1726\*$1*(6/XLV(OIHUUR FDUULOHQODFLXGDGHVWXGLRGHODVFLXGD GHV PHGLDV HVSDxRODV7HVLV GRFWRUDO GHO 3URJUDPD ´$UTXLWHFWXUD \ FLXGDG PD WHULDOHV SDUD HO DQiOLVLV DUTXLWHFWyQLFR \ XUEDQRµ GHO 'HSDUWDPHQWR GH$QiOLVLV H ,QVWUXPHQWRVGH,QWHUYHQFLyQ$UTXLWHFWy QLFD\8UEDQD(VFXHOD7pFQLFD6XSHULRU GH$UTXLWHFWXUD8QLYHUVLGDGGH9DOODGR OLG =2512=$6É1&+(=%HUQDUGR´(O IHUURFDUULO HQ $OEDFHWHµ SS HQ 0XVHR GH $OEDFHWH $OEDFHWH HQ VX KLV WRULD$\XQWDPLHQWRGH$OEDFHWH-XQWDGH &RPXQLGDGHV GH &DVWLOOD /D 0DQFKD H ,QVWLWXWR GH (VWXGLRV $OEDFHWHQVHV $OED FHWH