Valparaíso, Chile, is recognized as a UNESCO World Cultural Heritage Site. Among its heritage assets is a network of 15 funiculars (“ascensores”), whose inclined-plane operation and early 20th-century technology make them unique both nationally and globally. Originally, 10 of these funiculars were privately owned, while 5 were municipal. Over time, with the expansion of alternative transportation modes, these fixed-route systems lost user preference, resulting in declining revenues that negatively impacted their maintenance and operational standards. This financial strain led to the progressive shutdown of private funiculars, leaving only 2 in service. Municipal funiculars faced similar challenges, often operating in poor conditions or being forced to cease service due to limited financial resources. This situation created a vicious cycle: reduced income led to operational inefficiencies, further decreasing ridership and revenues. Consequently, the private owners decided to sell their funiculars. Recognizing their cultural and historical significance, the Chilean government resolved to acquire them. However, Chilean law mandates a social project evaluation to justify the use of public investment funds. This study presents the methodological approach and application for assessing the social value of Valparaíso’s heritage funiculars. The analysis evaluates both the cultural heritage value and their function as a public transportation mode. Furthermore, it addresses the long-term sustainability of these systems and proposes an integrated vision of the funiculars as a cohesive heritage transportation network within Valparaíso’s hills. The study highlights the importance of preserving these unique infrastructures while ensuring their viability as a sustainable mobility alternative for the city.
Lorena Herrera is a Civil Industrial Engineer from the Pontificia Universidad Católica de Valparaíso (PUCV), MSc and PhD in Transport Economics, both postgraduate degrees from the University of Leeds, England. She is a professor at the School of Architecture and Design of the PUCV and Director of the Program of Formulation and Social Evaluation of Projects at the university, a program that trains professionals from the public sector in Social Evaluation of Projects, among others. She also consults in the areas of public policy and investment, social evaluation and sustainable transport.
Ismael Becerra González is a Civil Engineering from the Federico Santa María Technical University of Valparaíso (UTFSM). He has over twenty-five years of experience in the analysis and social evaluation of public investments in transportation infrastructure and mobility projects, among others. He also provides consulting services in the areas of transportation related to territorial planning, public transportation investments, and social evaluation.