Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy

Despite strong economic growth, investment in basic urban infrastructure -- water supply, wastewater removal and treatment, roads, and other capital-intensive systems -- has failed to keep pace with urban growth, leaving a critical urban infrastruc...

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Main Author:	Peterson, George E.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING ARBITRAGE ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS ASSET SALES ASSETS AUCTION AUCTIONS AUTONOMY BALANCE SHEET BALANCE SHEETS BANK BORROWING BORROWING BUDGET BUDGET DEFICITS BUDGET PROCESS BUDGETS CAPITAL INVESTMENT CAPITAL STOCK CHARGES CITIES CLAIMANTS COMMUNITY DEVELOPMENT COMPETITIVE AUCTIONS COMPETITIVE BIDDING CONTRACT CONTRACTS CONVERSION DEBT DEBT FINANCING DEBT SERVICE DEBTS DECENTRALIZATION DEDICATED REVENUE DEFICIT DEPOSITS DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT AUTHORITIES DEVELOPMENT BANK DISCOUNT DISCOUNT RATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRICITY ENTERPRISES EQUIPMENT EQUITY EXCHANGE EXPENDITURE EXPENDITURES FEES FINANCE FINANCIAL ASSETS FINANCIAL INCENTIVES FINANCIAL MANAGEMENT FISCAL RESPONSIBILITY FIXED REVENUE FUEL TAXES FUNGIBLE FUTURE GOOD GOVERNANCE GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT GRANTS GOVERNMENT POLICY GOVERNMENT REGULATION GOVERNMENTS GRANTS GUARANTEE HOLDING HOLDINGS HOUSING INCOME INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL SETTING INSTITUTIONAL STRUCTURE INTEREST INTERGOVERNMENTAL RELATIONS INTERGOVERNMENTAL TRANSFERS INTERNATIONAL BANK INTERNATIONAL INVESTORS INTERNATIONAL SECURITY INVENTORIES INVENTORY INVESTMENT ASSETS INVESTMENT DECISIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT PROJECTS INVESTMENT PURPOSES INVESTMENTS IPO LAND LAND DEVELOPMENT LAND MANAGEMENT LAND OWNERSHIP LAND PARCEL LAND PARCELS LAND POLICY LAND PRICES LAND REFORM LAND USE LAND VALUE LAND VALUES LANDHOLDER LANDHOLDERS LANDOWNERS LARGE CITIES LEASE PAYMENTS LEGAL AUTHORITY LEGAL OWNERSHIP LEGISLATION LEVY LIABILITIES LOCAL AUTHORITIES LOCAL ECONOMY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LOCAL LEVEL LOCAL TAXES MANDATES MARKET MARKET COMPETITION MARKET PARTICIPANTS MARKET PRICES MARKET SIZE MARKET VALUE MARKETS MASS TRANSIT METROPOLITAN AREAS MINISTRIES OF FINANCE MUNICIPAL MUNICIPAL BONDS MUNICIPAL DEVELOPMENT MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL OWNERSHIP MUNICIPAL PERFORMANCE MUNICIPALITIES MUNICIPALITY OPEN MARKET OPPORTUNITY COST OPPORTUNITY COSTS OPTION OVERSIGHT OWNERSHIP STRUCTURE PARTICIPATION PER PLEDGES POLITICAL POWER PORTS POST OFFICE PRICING PRIVATE PARTIES PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROFIT PROFITS PROJECTS PROMISSORY NOTE PROPERTIES PROPERTY OWNERSHIP PROPERTY TAX ADMINISTRATION PROPERTY TAX BASE PROPERTY TAXES PROVINCIAL GOVERNMENTS PROVISIONS PUBLIC PUBLIC AGENCIES PUBLIC ASSET PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC OFFICIALS PUBLIC OWNERSHIP PUBLIC PROPERTY PUBLIC PROVIDERS PUBLIC REVENUES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICE PROVISION PUBLIC SERVICES PUBLIC USE PUBLIC WORKS REAL PROPERTY REGULATION REPORTS RESERVE RETURN REVENUE REVENUE SOURCES REVENUES RISK MANAGEMENT ROADS RURAL PROPERTY SAVINGS SERVICES SHARE SHARES SPENDING STATE GOVERNMENT STATE GOVERNMENTS STATE LANDS STATE PROPERTY STATES STREETS SUPERVISORY BOARD TAX TAX LAW TAX POLICY TAX RATE TAX RATES TAX REVENUES TAXATION TAXES TRANSACTION TRANSACTIONS TRANSPARENCY TRANSPORT TREASURY TREATIES TREATY TRUST FUND URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBAN INFRASTRUCTURE URBAN PLANNING URBANIZATION UTILITIES VACANT LAND VALUATION VALUATIONS WATER SUPPLY urban land
Online Access:	http://documents.worldbank.org/curated/en/2013/10/18463980/unlocking-land-values-urban-infrastructure-finance-international-experience-considerations-indian-policy http://hdl.handle.net/10986/16898

id	okr-10986-16898
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING ARBITRAGE ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS ASSET SALES ASSETS AUCTION AUCTIONS AUTONOMY BALANCE SHEET BALANCE SHEETS BANK BORROWING BORROWING BUDGET BUDGET DEFICITS BUDGET PROCESS BUDGETS CAPITAL INVESTMENT CAPITAL STOCK CHARGES CITIES CLAIMANTS COMMUNITY DEVELOPMENT COMPETITIVE AUCTIONS COMPETITIVE BIDDING CONTRACT CONTRACTS CONVERSION DEBT DEBT FINANCING DEBT SERVICE DEBTS DECENTRALIZATION DEDICATED REVENUE DEFICIT DEPOSITS DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT AUTHORITIES DEVELOPMENT BANK DISCOUNT DISCOUNT RATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRICITY ENTERPRISES EQUIPMENT EQUITY EXCHANGE EXPENDITURE EXPENDITURES FEES FINANCE FINANCIAL ASSETS FINANCIAL INCENTIVES FINANCIAL MANAGEMENT FISCAL RESPONSIBILITY FIXED REVENUE FUEL TAXES FUNGIBLE FUTURE GOOD GOVERNANCE GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT GRANTS GOVERNMENT POLICY GOVERNMENT REGULATION GOVERNMENTS GRANTS GUARANTEE HOLDING HOLDINGS HOUSING INCOME INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL SETTING INSTITUTIONAL STRUCTURE INTEREST INTERGOVERNMENTAL RELATIONS INTERGOVERNMENTAL TRANSFERS INTERNATIONAL BANK INTERNATIONAL INVESTORS INTERNATIONAL SECURITY INVENTORIES INVENTORY INVESTMENT ASSETS INVESTMENT DECISIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT PROJECTS INVESTMENT PURPOSES INVESTMENTS IPO LAND LAND DEVELOPMENT LAND MANAGEMENT LAND OWNERSHIP LAND PARCEL LAND PARCELS LAND POLICY LAND PRICES LAND REFORM LAND USE LAND VALUE LAND VALUES LANDHOLDER LANDHOLDERS LANDOWNERS LARGE CITIES LEASE PAYMENTS LEGAL AUTHORITY LEGAL OWNERSHIP LEGISLATION LEVY LIABILITIES LOCAL AUTHORITIES LOCAL ECONOMY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LOCAL LEVEL LOCAL TAXES MANDATES MARKET MARKET COMPETITION MARKET PARTICIPANTS MARKET PRICES MARKET SIZE MARKET VALUE MARKETS MASS TRANSIT METROPOLITAN AREAS MINISTRIES OF FINANCE MUNICIPAL MUNICIPAL BONDS MUNICIPAL DEVELOPMENT MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL OWNERSHIP MUNICIPAL PERFORMANCE MUNICIPALITIES MUNICIPALITY OPEN MARKET OPPORTUNITY COST OPPORTUNITY COSTS OPTION OVERSIGHT OWNERSHIP STRUCTURE PARTICIPATION PER PLEDGES POLITICAL POWER PORTS POST OFFICE PRICING PRIVATE PARTIES PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROFIT PROFITS PROJECTS PROMISSORY NOTE PROPERTIES PROPERTY OWNERSHIP PROPERTY TAX ADMINISTRATION PROPERTY TAX BASE PROPERTY TAXES PROVINCIAL GOVERNMENTS PROVISIONS PUBLIC PUBLIC AGENCIES PUBLIC ASSET PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC OFFICIALS PUBLIC OWNERSHIP PUBLIC PROPERTY PUBLIC PROVIDERS PUBLIC REVENUES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICE PROVISION PUBLIC SERVICES PUBLIC USE PUBLIC WORKS REAL PROPERTY REGULATION REPORTS RESERVE RETURN REVENUE REVENUE SOURCES REVENUES RISK MANAGEMENT ROADS RURAL PROPERTY SAVINGS SERVICES SHARE SHARES SPENDING STATE GOVERNMENT STATE GOVERNMENTS STATE LANDS STATE PROPERTY STATES STREETS SUPERVISORY BOARD TAX TAX LAW TAX POLICY TAX RATE TAX RATES TAX REVENUES TAXATION TAXES TRANSACTION TRANSACTIONS TRANSPARENCY TRANSPORT TREASURY TREATIES TREATY TRUST FUND URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBAN INFRASTRUCTURE URBAN PLANNING URBANIZATION UTILITIES VACANT LAND VALUATION VALUATIONS WATER SUPPLY urban land
spellingShingle	ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING ARBITRAGE ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS ASSET SALES ASSETS AUCTION AUCTIONS AUTONOMY BALANCE SHEET BALANCE SHEETS BANK BORROWING BORROWING BUDGET BUDGET DEFICITS BUDGET PROCESS BUDGETS CAPITAL INVESTMENT CAPITAL STOCK CHARGES CITIES CLAIMANTS COMMUNITY DEVELOPMENT COMPETITIVE AUCTIONS COMPETITIVE BIDDING CONTRACT CONTRACTS CONVERSION DEBT DEBT FINANCING DEBT SERVICE DEBTS DECENTRALIZATION DEDICATED REVENUE DEFICIT DEPOSITS DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT AUTHORITIES DEVELOPMENT BANK DISCOUNT DISCOUNT RATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRICITY ENTERPRISES EQUIPMENT EQUITY EXCHANGE EXPENDITURE EXPENDITURES FEES FINANCE FINANCIAL ASSETS FINANCIAL INCENTIVES FINANCIAL MANAGEMENT FISCAL RESPONSIBILITY FIXED REVENUE FUEL TAXES FUNGIBLE FUTURE GOOD GOVERNANCE GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT GRANTS GOVERNMENT POLICY GOVERNMENT REGULATION GOVERNMENTS GRANTS GUARANTEE HOLDING HOLDINGS HOUSING INCOME INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL SETTING INSTITUTIONAL STRUCTURE INTEREST INTERGOVERNMENTAL RELATIONS INTERGOVERNMENTAL TRANSFERS INTERNATIONAL BANK INTERNATIONAL INVESTORS INTERNATIONAL SECURITY INVENTORIES INVENTORY INVESTMENT ASSETS INVESTMENT DECISIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT PROJECTS INVESTMENT PURPOSES INVESTMENTS IPO LAND LAND DEVELOPMENT LAND MANAGEMENT LAND OWNERSHIP LAND PARCEL LAND PARCELS LAND POLICY LAND PRICES LAND REFORM LAND USE LAND VALUE LAND VALUES LANDHOLDER LANDHOLDERS LANDOWNERS LARGE CITIES LEASE PAYMENTS LEGAL AUTHORITY LEGAL OWNERSHIP LEGISLATION LEVY LIABILITIES LOCAL AUTHORITIES LOCAL ECONOMY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LOCAL LEVEL LOCAL TAXES MANDATES MARKET MARKET COMPETITION MARKET PARTICIPANTS MARKET PRICES MARKET SIZE MARKET VALUE MARKETS MASS TRANSIT METROPOLITAN AREAS MINISTRIES OF FINANCE MUNICIPAL MUNICIPAL BONDS MUNICIPAL DEVELOPMENT MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL OWNERSHIP MUNICIPAL PERFORMANCE MUNICIPALITIES MUNICIPALITY OPEN MARKET OPPORTUNITY COST OPPORTUNITY COSTS OPTION OVERSIGHT OWNERSHIP STRUCTURE PARTICIPATION PER PLEDGES POLITICAL POWER PORTS POST OFFICE PRICING PRIVATE PARTIES PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROFIT PROFITS PROJECTS PROMISSORY NOTE PROPERTIES PROPERTY OWNERSHIP PROPERTY TAX ADMINISTRATION PROPERTY TAX BASE PROPERTY TAXES PROVINCIAL GOVERNMENTS PROVISIONS PUBLIC PUBLIC AGENCIES PUBLIC ASSET PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC OFFICIALS PUBLIC OWNERSHIP PUBLIC PROPERTY PUBLIC PROVIDERS PUBLIC REVENUES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICE PROVISION PUBLIC SERVICES PUBLIC USE PUBLIC WORKS REAL PROPERTY REGULATION REPORTS RESERVE RETURN REVENUE REVENUE SOURCES REVENUES RISK MANAGEMENT ROADS RURAL PROPERTY SAVINGS SERVICES SHARE SHARES SPENDING STATE GOVERNMENT STATE GOVERNMENTS STATE LANDS STATE PROPERTY STATES STREETS SUPERVISORY BOARD TAX TAX LAW TAX POLICY TAX RATE TAX RATES TAX REVENUES TAXATION TAXES TRANSACTION TRANSACTIONS TRANSPARENCY TRANSPORT TREASURY TREATIES TREATY TRUST FUND URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBAN INFRASTRUCTURE URBAN PLANNING URBANIZATION UTILITIES VACANT LAND VALUATION VALUATIONS WATER SUPPLY urban land Peterson, George E. Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy
geographic_facet	South Asia India
relation	Policy Research Working Paper;No. 6683
description	Despite strong economic growth, investment in basic urban infrastructure -- water supply, wastewater removal and treatment, roads, and other capital-intensive systems -- has failed to keep pace with urban growth, leaving a critical urban infrastructure deficit. At the same time, urban lands in these many developing countries are among the most expensive in the world. Much of this land is owned by public authorities. Significant parts of it lie vacant, unused for public service provision or inappropriate for conversion to higher-valued economic activity. A composite public-sector balance sheet for India's urban areas would show an asset mix strong on public-sector landholdings but weak on infrastructure. This raises the following questions: Can some excess public-sector land be exchanged for infrastructure, in a manner that is politically acceptable and economically efficient? Can public land sales be a realistic source of finance for critically needed urban infrastructure investment? This paper considers the policy context that has shaped different land-disposal and earmarking initiatives, provides details about the actual workings of institutions, and examines international experience in infrastructure investment. This study contributes to the consultative process underway in India to consider strategies to unlock public land values to help finance urban infrastructure investment.
format	Publications & Research :: Policy Research Working Paper
author	Peterson, George E.
author_facet	Peterson, George E.
author_sort	Peterson, George E.
title	Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy
title_short	Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy
title_full	Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy
title_fullStr	Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy
title_full_unstemmed	Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy
title_sort	unlocking land values for urban infrastructure finance : international experience--considerations for indian policy
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2013/10/18463980/unlocking-land-values-urban-infrastructure-finance-international-experience-considerations-indian-policy http://hdl.handle.net/10986/16898
_version_	1764434850375270400
spelling	okr-10986-168982021-04-23T14:03:32Z Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy Peterson, George E. ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING ARBITRAGE ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS ASSET SALES ASSETS AUCTION AUCTIONS AUTONOMY BALANCE SHEET BALANCE SHEETS BANK BORROWING BORROWING BUDGET BUDGET DEFICITS BUDGET PROCESS BUDGETS CAPITAL INVESTMENT CAPITAL STOCK CHARGES CITIES CLAIMANTS COMMUNITY DEVELOPMENT COMPETITIVE AUCTIONS COMPETITIVE BIDDING CONTRACT CONTRACTS CONVERSION DEBT DEBT FINANCING DEBT SERVICE DEBTS DECENTRALIZATION DEDICATED REVENUE DEFICIT DEPOSITS DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT AUTHORITIES DEVELOPMENT BANK DISCOUNT DISCOUNT RATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRICITY ENTERPRISES EQUIPMENT EQUITY EXCHANGE EXPENDITURE EXPENDITURES FEES FINANCE FINANCIAL ASSETS FINANCIAL INCENTIVES FINANCIAL MANAGEMENT FISCAL RESPONSIBILITY FIXED REVENUE FUEL TAXES FUNGIBLE FUTURE GOOD GOVERNANCE GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT GRANTS GOVERNMENT POLICY GOVERNMENT REGULATION GOVERNMENTS GRANTS GUARANTEE HOLDING HOLDINGS HOUSING INCOME INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL SETTING INSTITUTIONAL STRUCTURE INTEREST INTERGOVERNMENTAL RELATIONS INTERGOVERNMENTAL TRANSFERS INTERNATIONAL BANK INTERNATIONAL INVESTORS INTERNATIONAL SECURITY INVENTORIES INVENTORY INVESTMENT ASSETS INVESTMENT DECISIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT PROJECTS INVESTMENT PURPOSES INVESTMENTS IPO LAND LAND DEVELOPMENT LAND MANAGEMENT LAND OWNERSHIP LAND PARCEL LAND PARCELS LAND POLICY LAND PRICES LAND REFORM LAND USE LAND VALUE LAND VALUES LANDHOLDER LANDHOLDERS LANDOWNERS LARGE CITIES LEASE PAYMENTS LEGAL AUTHORITY LEGAL OWNERSHIP LEGISLATION LEVY LIABILITIES LOCAL AUTHORITIES LOCAL ECONOMY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LOCAL LEVEL LOCAL TAXES MANDATES MARKET MARKET COMPETITION MARKET PARTICIPANTS MARKET PRICES MARKET SIZE MARKET VALUE MARKETS MASS TRANSIT METROPOLITAN AREAS MINISTRIES OF FINANCE MUNICIPAL MUNICIPAL BONDS MUNICIPAL DEVELOPMENT MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL OWNERSHIP MUNICIPAL PERFORMANCE MUNICIPALITIES MUNICIPALITY OPEN MARKET OPPORTUNITY COST OPPORTUNITY COSTS OPTION OVERSIGHT OWNERSHIP STRUCTURE PARTICIPATION PER PLEDGES POLITICAL POWER PORTS POST OFFICE PRICING PRIVATE PARTIES PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROFIT PROFITS PROJECTS PROMISSORY NOTE PROPERTIES PROPERTY OWNERSHIP PROPERTY TAX ADMINISTRATION PROPERTY TAX BASE PROPERTY TAXES PROVINCIAL GOVERNMENTS PROVISIONS PUBLIC PUBLIC AGENCIES PUBLIC ASSET PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC OFFICIALS PUBLIC OWNERSHIP PUBLIC PROPERTY PUBLIC PROVIDERS PUBLIC REVENUES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICE PROVISION PUBLIC SERVICES PUBLIC USE PUBLIC WORKS REAL PROPERTY REGULATION REPORTS RESERVE RETURN REVENUE REVENUE SOURCES REVENUES RISK MANAGEMENT ROADS RURAL PROPERTY SAVINGS SERVICES SHARE SHARES SPENDING STATE GOVERNMENT STATE GOVERNMENTS STATE LANDS STATE PROPERTY STATES STREETS SUPERVISORY BOARD TAX TAX LAW TAX POLICY TAX RATE TAX RATES TAX REVENUES TAXATION TAXES TRANSACTION TRANSACTIONS TRANSPARENCY TRANSPORT TREASURY TREATIES TREATY TRUST FUND URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBAN INFRASTRUCTURE URBAN PLANNING URBANIZATION UTILITIES VACANT LAND VALUATION VALUATIONS WATER SUPPLY urban land Despite strong economic growth, investment in basic urban infrastructure -- water supply, wastewater removal and treatment, roads, and other capital-intensive systems -- has failed to keep pace with urban growth, leaving a critical urban infrastructure deficit. At the same time, urban lands in these many developing countries are among the most expensive in the world. Much of this land is owned by public authorities. Significant parts of it lie vacant, unused for public service provision or inappropriate for conversion to higher-valued economic activity. A composite public-sector balance sheet for India's urban areas would show an asset mix strong on public-sector landholdings but weak on infrastructure. This raises the following questions: Can some excess public-sector land be exchanged for infrastructure, in a manner that is politically acceptable and economically efficient? Can public land sales be a realistic source of finance for critically needed urban infrastructure investment? This paper considers the policy context that has shaped different land-disposal and earmarking initiatives, provides details about the actual workings of institutions, and examines international experience in infrastructure investment. This study contributes to the consultative process underway in India to consider strategies to unlock public land values to help finance urban infrastructure investment. 2014-02-04T20:58:31Z 2014-02-04T20:58:31Z 2013-10 http://documents.worldbank.org/curated/en/2013/10/18463980/unlocking-land-values-urban-infrastructure-finance-international-experience-considerations-indian-policy http://hdl.handle.net/10986/16898 English en_US Policy Research Working Paper;No. 6683 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research South Asia India

Unlocking Land Values for Urban Infrastructure Finance : International Experience--Considerations for Indian Policy

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