The board of EMT Madrid, the city’s municipal transport company, approved its draft budget for 2027 on Friday 30 October 2026. The accounts total 937.86 million euros, 39.71 million euros more than the previous year, and the company will also allocate 167.2 million euros to investment. The largest single investment is the purchase of 65 electric buses, which will bring the zero-emission share of the fleet close to 30%.
What the board approved
The meeting was chaired by Borja Carabante, the city’s delegate for Urban Planning, Environment and Mobility. The draft budget for 2027 amounts to 937.86 million euros, an increase of 39.71 million euros on the previous year. On top of this amount, EMT Madrid will dedicate 167.2 million euros to investment.
Main investment items
| Item | Amount |
|---|---|
| 65 electric buses | 34.3 million euros |
| Adapting infrastructure (electrification, pantographs, car parks, mobility hubs) | more than 93.3 million euros |
| New infrastructure such as the La Elipa operations centre | 28.2 million euros |
| Final phase of the cable car renovation | 17.8 million euros |
The bus purchase is part of the company’s decarbonisation strategy. With the new vehicles, the EMT Madrid fleet will have almost 600 zero-emission buses, close to 30% of the total. More than 93.3 million euros will go to adapting infrastructure, including electrifying operations centres. This covers installing pantographs for electric charging and adapting car parks and mobility hubs. New infrastructure such as the La Elipa Operations Centre, designed around innovation and sustainability, will receive 28.2 million euros.
Service during major works and the cable car
The budget covers needs such as reinforcing bus lines affected by major works. These include the burial of the A-5 and the construction of the Conde de Casal interchange. The stated aim is public transport that is increasingly safe, reliable and comfortable for its users. During 2027, the comprehensive renovation of the Teleférico de Madrid, the city’s cable car, will enter its final phase. The modernisation works will be completed with an investment of 17.8 million euros.