The Government calculates that the VTC play a business of 3,800 million | Economy

The Government calculates that the VTC play a business of 3,800 million | Economy

The Government implicitly admits that the companies that operate the Concerted transport vehicles (VTC) through platforms like Uber and Cabify they will lose a business of 3,800 million euros in the next four years if finally the restrictive legislations like the one prepared by the Generalitat de Catalunya forces them to leave the activity.

This is shown in the calculation of income of the VTC that contains the economic report of the regulatory impact that accompanied to the Royal Decree-Law that the Ministry of Public Works approved at the end of September. In this, the Government transferred to the autonomous communities the competence to regulate the activity of these companies, which, as compensation in kind, gives a term of four years to continue operating within the cities.

In the document, which the Ministry did not publish when the decree was approved and to which EL PAÍS has had access, it is calculated that each VTC vehicle generates a business (positive cash flow) of 52,667 euros per year. If you multiply that amount by the four years that have been given of margin and by the 18,000 VTC that the memory itself consigns as the park of vehicles Cabify and Uber (at the moment there are 13,000 but at least other 5,000 licenses are pending in the courts) an amount of 3,792 million euros is thrown.

A figure very similar to the 3,800 million euros that he calculated in September a report by Ernst & Young consultant commissioned by Unauto VTC, the employers of the VTC, which estimated in this amount the compensation that companies would request if their activity were limited with the controversial royal decree law.

Detailed calculation

The economic report, which appears as an annex to the regulatory impact report, estimates that the initial investment for the acquisition of the vehicle and the cost of the VTC license is 61,000 euros. To that should be added a series of costs that the document lists in great detail: personal driving (one driver, 28,000 euros a year, including Social Security), the amortization of the vehicle (3,724 euros), financing (468.25 euros) ), insurance (1,500 euros), fuel (4,875 euros), tires (315 euros), repairs and conservation (1,350 euros) and taxes (1,500 euros), which totals total annual expenses of 40,532 euros. That is, if discounted from income, each VTC would have a net annual benefit of 12,135 euros.

With these figures, the report concludes that, "in consequence and as far as an efficient and well-managed company is concerned, from the analysis carried out it appears that the investment would be recovered in the maximum period of four years".

However, Unauto has rejected categorically "compensation in kind" and has warned that if regulations such as the Generalitat de Catalunya are approved, it will demand compensation of 4,000 million, since, in practice, these laws suppose the disappearance of their activity , with the loss of the entire business during that four-year period.

In fact, the economic memory with which Fomento supported its decretazo does not take into account the consequences of the possible restrictions that both autonomous communities and municipalities can introduce thanks to that decree and, obviously, will significantly reduce the income of the VTC.

The E & Y report presented on September 10, before the decree was approved, estimated the cost of "expropriation" of VTC licenses (17,549) between a maximum of 3,785 million euros and a minimum of 2,472 million euros. . On the other hand, the National Commission of the Markets and the Competition (CNMC) evaluated in 3.236 million euros the cost of those licenses in case its activity was prohibited.

The decree that prepares the Generalitat will force, among other things, to pre-contract with 15 minutes in advance expandable to one hour to these vehicles. Unauto VTC has already indicated that if the decree is approved, the VTC will disappear from Barcelona because its activity will be unfeasible, and that they will demand compensation and criminal liability from the Catalan Administration.

The State Advocacy also endorsed the decree law of Development in which it assumed that the norm was going to cause "damages" to the owners of the licenses, but considered that the "possible disagreement" between the calculations of the Government and those made by the companies "is corrected" in the decree itself, foreseeing four years of moratorium to continue circulating in the interior of the cities and not only in interurban journeys, which is the only thing allowed by state regulation since September.


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