Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries
Cities in developing countries are experiencing unprecedented urban growth. Unfortunately, this is often accompanied by the negative impacts of sprawl as a result of rapid motorization such as congestion, air pollution, greenhouse gas emissions, inefficient use of energy and time, and unequal access...
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| Main Authors: | , , , |
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| Format: | Online |
| Language: | en_US |
| Published: |
Washington, DC: World Bank
2015
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10986/21286 |
| _version_ | 1869426534124617728 |
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| author | Suzuki, Hiroaki Murakami, Jin Hong, Yu-Hung Tamayose, Beth |
| author_facet | Suzuki, Hiroaki Murakami, Jin Hong, Yu-Hung Tamayose, Beth |
| author_sort | Suzuki, Hiroaki |
| collection | Colección Libros - Series (activas) |
| description | Cities in developing countries are experiencing unprecedented urban growth. Unfortunately, this is often accompanied by the negative impacts of sprawl as a result of rapid motorization such as congestion, air pollution, greenhouse gas emissions, inefficient use of energy and time, and unequal accessibility. As these cities are often under severe fiscal constraints, they face great challenges in financing capital-intensive mass transit systems to reverse the course of these negative trends. Development-based land value capture (DBLVC) financing schemes being practiced in Asian megacities like Hong Kong SAR, China, and Tokyo have helped them not only to generate funds for transit investment and operational and maintenance costs but also to promote sustainable urban development through transit-oriented development (TOD).
Many rapidly growing cities in developing countries have the conditions for introducing DBLVC – namely, strong economic growth, rising real incomes and increased motorization and congestion levels – all of which cause land value appreciation within proximity of transit stations or corridors. If adapted well to local contexts, DBLVC schemes have great potential to become an important strategic apparatus of urban finance and planning for cities in developing countries. Through a careful analysis of various case studies, this book provides strategies, policies, and methodologies that policy makers and practitioners can apply in developing their own DBLVC schemes for transit financing. |
| format | Online |
| id | wb-10986-21286 |
| institution | Banco Mundial |
| language | en_US |
| publishDate | 2015 |
| publisher | Washington, DC: World Bank |
| record_format | dspace |
| spelling | wb-10986-212862026-06-22T19:05:53Z Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries Suzuki, Hiroaki Murakami, Jin Hong, Yu-Hung Tamayose, Beth infrastructure finance land value capture land-use regulations public-private partnerships sustainable development transit-oriented development urban finance urban transport zoning Cities in developing countries are experiencing unprecedented urban growth. Unfortunately, this is often accompanied by the negative impacts of sprawl as a result of rapid motorization such as congestion, air pollution, greenhouse gas emissions, inefficient use of energy and time, and unequal accessibility. As these cities are often under severe fiscal constraints, they face great challenges in financing capital-intensive mass transit systems to reverse the course of these negative trends. Development-based land value capture (DBLVC) financing schemes being practiced in Asian megacities like Hong Kong SAR, China, and Tokyo have helped them not only to generate funds for transit investment and operational and maintenance costs but also to promote sustainable urban development through transit-oriented development (TOD). Many rapidly growing cities in developing countries have the conditions for introducing DBLVC – namely, strong economic growth, rising real incomes and increased motorization and congestion levels – all of which cause land value appreciation within proximity of transit stations or corridors. If adapted well to local contexts, DBLVC schemes have great potential to become an important strategic apparatus of urban finance and planning for cities in developing countries. Through a careful analysis of various case studies, this book provides strategies, policies, and methodologies that policy makers and practitioners can apply in developing their own DBLVC schemes for transit financing. 2015-01-15T18:28:49Z 2015-01-15T18:28:49Z 2015-01-15 978-1-4648-0149-5 https://hdl.handle.net/10986/21286 10.1596/978-1-4648-0149-5 en_US Urban Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo application/pdf application/pdf application/pdf Washington, DC: World Bank |
| spellingShingle | infrastructure finance land value capture land-use regulations public-private partnerships sustainable development transit-oriented development urban finance urban transport zoning Suzuki, Hiroaki Murakami, Jin Hong, Yu-Hung Tamayose, Beth Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries |
| title | Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries |
| title_full | Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries |
| title_fullStr | Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries |
| title_full_unstemmed | Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries |
| title_short | Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries |
| title_sort | financing transit oriented development with land values adapting land value capture in developing countries |
| topic | infrastructure finance land value capture land-use regulations public-private partnerships sustainable development transit-oriented development urban finance urban transport zoning |
| url | https://hdl.handle.net/10986/21286 |
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