Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries

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collection.link.133
https://openknowledge.worldbank.org/handle/10986/5998
collection.link.66
https://openknowledge.worldbank.org/handle/10986/2174
collection.name.133
Chinese PDFs Available
collection.name.66
Urban Development
dc.contributor.author
Suzuki, Hiroaki
dc.contributor.author
Murakami, Jin
dc.contributor.author
Hong, Yu-Hung
dc.contributor.author
Tamayose, Beth
dc.date.accessioned
2015-01-15T18:28:49Z
dc.date.available
2015-01-15T18:28:49Z
dc.date.issued
2015-01-15
dc.description.abstract
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.
en
dc.identifier.isbn
978-1-4648-0149-5
dc.identifier.uri
http://hdl.handle.net/10986/21286
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
Urban Development;
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
infrastructure finance
dc.subject
land value capture
dc.subject
land-use regulations
dc.subject
public-private partnerships
dc.subject
sustainable development
dc.subject
transit-oriented development
dc.subject
urban finance
dc.subject
urban transport
dc.subject
zoning
dc.title
Financing Transit-Oriented Development with Land Values : Adapting Land Value Capture in Developing Countries
en
okr.date.disclosure
2015-01-15
okr.doctype
Publications & Research :: Publication
okr.globalpractice
Social, Urban, Rural and Resilience
okr.globalpractice
Transport and ICT
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-0149-5
okr.identifier.report
93686
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.country
Brazil
okr.region.country
China
okr.region.country
India
okr.region.country
Japan
okr.region.country
United Kingdom
okr.topic
Communities and Human Settlements :: Land Administration
okr.topic
Communities and Human Settlements :: Land Use and Policies
okr.topic
Communities and Human Settlements :: Urban Housing and Land Settlements
okr.topic
Poverty Reduction :: Equity and Development
okr.topic
Transport
okr.topic
Urban Development :: Municipal Housing and Land
okr.unit
FEUUR

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