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:	Suzuki, Hiroaki, Murakami, Jin, Hong, Yu-Hung, Tamayose, Beth
Format:	Publication
Language:	en_US
Published:	Washington, DC: World Bank 2015
Subjects:	infrastructure finance land value capture land-use regulations public-private partnerships sustainable development transit-oriented development urban finance urban transport zoning
Online Access:	http://hdl.handle.net/10986/21286

id	okr-10986-21286
recordtype	oai_dc
spelling	okr-10986-212862021-04-23T14:04:01Z 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 http://hdl.handle.net/10986/21286 en_US Urban Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo Washington, DC: World Bank Publications & Research :: Publication Brazil China India Japan United Kingdom
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	infrastructure finance land value capture land-use regulations public-private partnerships sustainable development transit-oriented development urban finance urban transport zoning
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
geographic_facet	Brazil China India Japan United Kingdom
relation	Urban Development;
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	Publications & Research :: Publication
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
title	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_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_sort	financing transit-oriented development with land values : adapting land value capture in developing countries
publisher	Washington, DC: World Bank
publishDate	2015
url	http://hdl.handle.net/10986/21286
_version_	1764447833888391168

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

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