Unlocking Land Values to Finance Urban Infrastructure

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collection.link.131
https://openknowledge.worldbank.org/handle/10986/5996
collection.link.70
https://openknowledge.worldbank.org/handle/10986/2178
collection.name.131
Arabic PDFs Available
collection.name.70
Trends and Policy Options
dc.contributor.author
Peterson, George E.
dc.date.accessioned
2012-05-29T16:40:18Z
dc.date.available
2012-05-29T16:40:18Z
dc.date.issued
2008
dc.date.lastModified
2021-04-23T14:02:25Z
dc.description.abstract
Urban growth throughout the developing world has created a challenge for financing infrastructure. Investment in infrastructure is needed to provide basic services for newly developed parts of urban areas. It is needed to meet the demand for a safer and more reliable water supply, higher standards for the removal and treatment of wastewater and solid waste, and the transportation requirements of a population whose expectations of mobility rise with household incomes. Infrastructure investment also is essential to the economic productivity of cities. This book examines an important additional option for local infrastructure finance: capturing land value gains for public investment. Land values are highly sensitive to infrastructure investment and urban economic growth. Public works projects such as road construction, water supply, and mass transit investment produce benefits that are immediately capitalized into surrounding land values. Many cities in developing countries have underused public lands that would be more valuable if sold and converted into infrastructure assets. Tapping land values was a large part of the investment strategy of Western countries in financing urban infrastructure during the 19th century, when cities were growing most rapidly. As part of the overall financing mix, using land assets for infrastructure finance has several advantages. Most instruments of this type generate revenues upfront, making it easier to finance lumpy investment projects. Mobilizing finance from land transactions also generates price signals that increase the efficiency of urban land markets and help rationalize the urban development pattern.
en
dc.identifier
http://documents.worldbank.org/curated/en/2008/10/9949773/unlocking-land-values-finance-urban-infrastructure
dc.identifier.isbn
978-0-8213-7709-3
dc.identifier.uri
http://hdl.handle.net/10986/6552
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC : World Bank
dc.relation.ispartofseries
Trends and Policy Options; No. 7
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACCESS ROADS
dc.subject
ACCOUNTABILITY
dc.subject
ACCOUNTING
dc.subject
ACQUISITION OF RIGHT-OF-WAY
dc.subject
ADMINISTRATIVE COSTS
dc.subject
AIRPORT
dc.subject
AIRPORT CONSTRUCTION
dc.subject
AIRPORTS
dc.subject
ASSET MANAGEMENT
dc.subject
ASSET SALES
dc.subject
ASSETS
dc.subject
AUCTIONS
dc.subject
BALANCE SHEET
dc.subject
BETTERMENT LEVIES
dc.subject
BRIDGE
dc.subject
BUDGET SURPLUS
dc.subject
BUS
dc.subject
BUS STATION
dc.subject
CAPACITY FOR ROADS
dc.subject
CAPITAL BUDGETING
dc.subject
CAPITAL BUDGETS
dc.subject
CAPITAL COSTS
dc.subject
CAPITAL GRANTS
dc.subject
CAPITAL INVESTMENT
dc.subject
CAPITAL PROJECTS
dc.subject
CAPITALIZATION
dc.subject
CITIES
dc.subject
COLLATERAL
dc.subject
COMMERCIAL BANKS
dc.subject
COMMUNITY DEVELOPMENT
dc.subject
CONGESTION
dc.subject
CONGESTION COSTS
dc.subject
COST OF CAPITAL
dc.subject
DEBT FINANCING
dc.subject
DEBT SERVICE
dc.subject
DECENTRALIZATION
dc.subject
DEVELOPMENT CHARGES
dc.subject
DRAINAGE
dc.subject
ECONOMIC CONDITIONS
dc.subject
EFFICIENCY OF INFRASTRUCTURE
dc.subject
ELECTRICITY
dc.subject
EXPRESSWAYS
dc.subject
FARES
dc.subject
FINANCE INFRASTRUCTURE
dc.subject
FINANCING OF INFRASTRUCTURE
dc.subject
FINANCING SOURCES
dc.subject
FISCAL MANAGEMENT
dc.subject
FISCAL RESPONSIBILITY
dc.subject
FLOOR SPACE
dc.subject
FREE TRANSFER
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT FRAGMENTATION
dc.subject
HIGHWAY
dc.subject
HIGHWAY ACCESS
dc.subject
HIGHWAY CONSTRUCTION
dc.subject
HIGHWAY PROJECTS
dc.subject
HIGHWAYS
dc.subject
HOUSING
dc.subject
INCOME
dc.subject
INFRASTRUCTURE CAPACITY
dc.subject
INFRASTRUCTURE COST
dc.subject
INFRASTRUCTURE COSTS
dc.subject
INFRASTRUCTURE DEVELOPMENT
dc.subject
INFRASTRUCTURE FINANCE
dc.subject
INFRASTRUCTURE FINANCING
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
INFRASTRUCTURE PROJECTS
dc.subject
INTERGOVERNMENTAL FINANCE
dc.subject
INTERNATIONAL AIRPORT
dc.subject
INTERNATIONAL AIRPORTS
dc.subject
INVENTORY
dc.subject
INVESTMENT IN ROADS
dc.subject
LAND DEVELOPMENT
dc.subject
LAND PRICES
dc.subject
LAND TAKE
dc.subject
LAND USE
dc.subject
LAND VALUE
dc.subject
LAWS
dc.subject
LICENSES
dc.subject
LIGHT RAIL
dc.subject
LOCAL BUDGETS
dc.subject
LOCAL GOVERNMENT
dc.subject
LOCAL GOVERNMENT REVENUE
dc.subject
LOCAL GOVERNMENTS
dc.subject
MARKET VALUE
dc.subject
MASS TRANSIT
dc.subject
METRO RAIL
dc.subject
METROPOLITAN AREAS
dc.subject
MINISTRY OF TRANSPORTATION
dc.subject
MOBILITY
dc.subject
MUNICIPAL
dc.subject
MUNICIPAL BONDS
dc.subject
MUNICIPAL DEBT
dc.subject
MUNICIPAL FINANCE
dc.subject
MUNICIPAL GOVERNMENT
dc.subject
MUNICIPAL GOVERNMENTS
dc.subject
MUNICIPAL INFRASTRUCTURE
dc.subject
MUNICIPAL SERVICES
dc.subject
MUNICIPALITIES
dc.subject
MUNICIPALITY
dc.subject
NATIONAL GOVERNMENTS
dc.subject
NEIGHBORHOODS
dc.subject
OPEN AUCTIONS
dc.subject
OPERATING COSTS
dc.subject
PASSENGERS
dc.subject
POPULATION GROWTH
dc.subject
PORT AUTHORITY
dc.subject
PRICE DIFFERENTIALS
dc.subject
PRIVATE RAILROADS
dc.subject
PRIVATE SECTOR
dc.subject
PRIVATE SECTOR PARTICIPATION
dc.subject
PRIVATIZATION
dc.subject
PRODUCTIVITY
dc.subject
PROPERTY SALES
dc.subject
PROPERTY TAX BASE
dc.subject
PROPERTY TAXES
dc.subject
PUBLIC
dc.subject
PUBLIC ACCOUNTABILITY
dc.subject
PUBLIC ADMINISTRATION
dc.subject
PUBLIC AGENCIES
dc.subject
PUBLIC BORROWING
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC FINANCING
dc.subject
PUBLIC INFRASTRUCTURE
dc.subject
PUBLIC INSTITUTIONS
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC POLICY
dc.subject
PUBLIC POLICY RISKS
dc.subject
PUBLIC PROPERTY
dc.subject
PUBLIC SECTOR
dc.subject
PUBLIC SERVICES
dc.subject
PUBLIC SPENDING
dc.subject
PUBLIC TRANSIT
dc.subject
PUBLIC USE
dc.subject
PUBLIC WORKS
dc.subject
PUBLIC WORKS PROJECTS
dc.subject
RAIL
dc.subject
RAIL LINKS
dc.subject
RAIL STATIONS
dc.subject
RAIL SYSTEM
dc.subject
RAIL SYSTEMS
dc.subject
RAIL TRANSIT
dc.subject
RAIL TRANSIT SYSTEMS
dc.subject
RAILROADS
dc.subject
REAL ESTATE MARKETS
dc.subject
RECURRING REVENUE
dc.subject
REGIONAL TRANSPORTATION
dc.subject
REGIONAL TRANSPORTATION PLAN
dc.subject
RING ROAD
dc.subject
RING ROADS
dc.subject
ROAD
dc.subject
ROAD SYSTEMS
dc.subject
ROADS
dc.subject
ROUTE
dc.subject
ROUTES
dc.subject
SAVINGS
dc.subject
SETTLEMENTS
dc.subject
STATE GOVERNMENT
dc.subject
STREET PAVING
dc.subject
STREETS
dc.subject
SUBSIDIARY
dc.subject
SUBWAY
dc.subject
TAX
dc.subject
TAX REVENUES
dc.subject
TAXATION
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TELECOMMUNICATIONS
dc.subject
TRANSIT INVESTMENT
dc.subject
TRANSIT STATIONS
dc.subject
TRANSIT SYSTEMS
dc.subject
TRANSPARENCY
dc.subject
TRANSPORT
dc.subject
TRANSPORTATION
dc.subject
TRANSPORTATION AGENCY
dc.subject
TRANSPORTATION INFRASTRUCTURE
dc.subject
TRANSPORTATION PROJECTS
dc.subject
TRUE
dc.subject
UNDERGROUND
dc.subject
URBAN AREAS
dc.subject
URBAN DEVELOPMENT
dc.subject
URBAN ECONOMIC GROWTH
dc.subject
URBAN GROWTH
dc.subject
URBAN HIGHWAY
dc.subject
URBAN INFRASTRUCTURE
dc.subject
URBAN MANAGEMENT
dc.subject
URBAN PLANNING
dc.subject
URBAN SERVICES
dc.subject
URBAN SPRAWL
dc.subject
URBANIZATION
dc.subject
UTILITIES
dc.subject
WATER SUPPLY
dc.subject
WATER SUPPLY SYSTEMS
dc.subject
WEALTH
dc.title
Unlocking Land Values to Finance Urban Infrastructure
en
dc.title.alternative
La plusvalia de la tierra como opcion para el financiamiento de la infraestructura urbana Exploiter la valeur du foncier pour financer les infrastructures urbaines
en
okr.date.disclosure
2010-05-19
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://documents.worldbank.org/curated/en/2008/10/9949773/unlocking-land-values-finance-urban-infrastructure
okr.globalpractice
Social, Urban, Rural and Resilience
okr.globalpractice
Governance
okr.globalpractice
Transport and ICT
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-7709-3
okr.identifier.externaldocumentum
000333037_20081020034745
okr.identifier.internaldocumentum
9949773
okr.identifier.report
46129
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/10/20/000333037_20081020034745/Rendered/PDF/461290PUB0Box3101OFFICIAL0USE0ONLY1.pdf
en
okr.peerreview
Academic Peer Review
okr.topic
Public Sector Economics
okr.topic
Public Sector Management and Reform
okr.topic
Urban Development :: Municipal Financial Management
okr.topic
Banks and Banking Reform
okr.topic
Transport Economics Policy and Planning
okr.topic
Finance and Financial Sector Development
okr.topic
Public Sector Development
okr.topic
Transport
okr.volume
1 of 1

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