A systemic model for implementing land value capture to support urban rail transit infrastructure projects

2022 ◽  
Vol 156 ◽  
pp. 90-112
Author(s):  
Xinjian Li ◽  
Peter E.D. Love ◽  
Hanbin Luo ◽  
Weili Fang
Keyword(s):  
Urban Rail Transit ◽  
Rail Transit ◽  
Land Value ◽  
Infrastructure Projects ◽  
Value Capture ◽  
Urban Rail ◽  
Systemic Model

A financing mode of Urban Rail transit based on land value capture: A case study in Wuhan City

2017 ◽  
Vol 57 ◽  
pp. 59-67 ◽  
Author(s):  
Jun Sun ◽  
Tian Chen ◽  
Zuchen Cheng ◽  
Cynthia C. Wang ◽  
Xin Ning
Keyword(s):  
Urban Rail Transit ◽  
Rail Transit ◽  
Land Value ◽  
Wuhan City ◽  
Value Capture ◽  
Financing Mode ◽  
Urban Rail

scholarly journals Evaluation of the land value-added benefit brought by urban rail transit: The case in Changsha, China

2021 ◽  
Vol 14 (1) ◽  
pp. 563-582
Author(s):  
Wenbin Tang ◽  
Qingbin Cui ◽  
Feilian Zhang ◽  
Hongyan Yan
Keyword(s):  
Impact Strength ◽  
Value Added ◽  
Urban Rail Transit ◽  
Strategy Development ◽  
Rail Transit ◽  
Land Value ◽  
Value Capture ◽  
Urban Rail ◽  
Added Benefit ◽  
The Impact

Accurate evaluation of land value-added benefit brought by urban rail transit (URT) is critical for project investment decision making and value capture strategy development. Early studies have focused on the value impact strength under the assumption of the same impact range for all stations. However, the value impact range at different stations may vary owing to different accessibilities. Therefore, the present study releases this assumption and incorporates the changed impact range into the land value-added analysis. It presents a method to determine the range of land value-added impact and sample selection using the generalized transportation cost model, then spatial econometric models are further developed to estimate the impact strength. On the basis of these models, the entire value-added benefit brought by URT is evaluated. A case study of the Changsha Metro Line 2 in China is discussed to demonstrate the procedure, model, and analysis of spatial impact. The empirical analysis shows a dumbbell-shaped impact on the land value-added benefit along the transit line with a distance-dependent pattern at each station. In addition, the land value-added benefit from Changsha Metro Line 2 reached 12.099 billion USD. Lastly, two main value-added benefit capture modes are discussed, namely, land integration development and special land tax.

scholarly journals Developing Mobile Application for Land Value Capture Scheme to Finance Urban Rail Transit Projects

2021 ◽  
Vol 12 (7) ◽  
pp. 1448
Author(s):  
Mohammed Ali Berawi ◽  
Nyoman Suwartha ◽  
Agatha Vania Salim ◽  
Gunawan Saroji ◽  
Mustika Sari
Keyword(s):  
Mobile Application ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Land Value ◽  
Value Capture ◽  
Urban Rail

scholarly journals Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Shiping Wen ◽  
Jiangang Shi ◽  
Wei Zhang
Keyword(s):  
Complex Network ◽  
Urban Rail Transit ◽  
Clustering Coefficient ◽  
Rail Transit ◽  
Value Capture ◽  
Effective Measure ◽  
Transit Network ◽  
Land Prices ◽  
Urban Rail ◽  
Urban Rail Transit Network

Urban rail transit can improve a city’s accessibility. However, high construction and operation costs restrict the development of urban rail transit. Value capture recoups the additional value that the investments of urban rail transit confer to local land and is considered to be an effective measure to alleviate this financial problem. Understanding the land value uplift effects of urban rail transit is essential for understanding value capture. This study applied a Space-P model of urban rail transit network based on complex network theory and demonstrated the influence of urban rail transit network characteristics on residential and commercial land prices. The model was tested with eight metropolises in China, using the 2003 to 2022 timeframe as the context. The results showed a significant positive correlation between the number of nodes and the land prices, the average clustering coefficient was highly positively correlated with the land prices, and there was a significant negative correlation between the average path length and the land prices. This study provides theoretical support for value capture, is beneficial for urban rail transit planning, and supports improvements in the development quality of urban rail transit networks.

Emerging Value Capture Innovative Urban Rail Funding and Financing

2017 ◽  
pp. 1617-1632
Author(s):  
Satya Sai Kumar Jillella ◽  
Sitharam T G ◽  
Anne Matan ◽  
Peter Newman
Keyword(s):  
21St Century ◽  
Best Practice ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Value Capture ◽  
Transit Systems ◽  
Strategic Value ◽  
Urban Rail ◽  
The World ◽  
Capital Intensive

Urban rail transit is emerging around the world as a catalyzing developmental solution to enable 21st century sustainable cities. However, these transit systems are capital intensive and cities worldwide are seeking innovative funding and financing mechanisms. Recently, land based value capture (VC) mechanisms have emerged as a pioneering solution to fund urban rail projects. This chapter introduces the VC concept and provides global best practice. The chapter aims to help enhance the understanding and rationale behind VC approaches through assessing the transit impacted accessibility value proposition and various VC mechanisms to capture the value created. A six-step Strategic Value Capture (SVC) framework is proposed which offers a step-by-step guidance to help define the VC based urban rail transit funding and financing processes from VC planning to VC operations.

Emerging Value Capture Innovative Urban Rail Funding and Financing

2016 ◽  
pp. 130-145
Author(s):  
Satya Sai Kumar Jillella ◽  
Sitharam T G ◽  
Anne Matan ◽  
Peter Newman
Keyword(s):  
21St Century ◽  
Best Practice ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Value Capture ◽  
Transit Systems ◽  
Strategic Value ◽  
Urban Rail ◽  
The World ◽  
Capital Intensive

Urban rail transit is emerging around the world as a catalyzing developmental solution to enable 21st century sustainable cities. However, these transit systems are capital intensive and cities worldwide are seeking innovative funding and financing mechanisms. Recently, land based value capture (VC) mechanisms have emerged as a pioneering solution to fund urban rail projects. This chapter introduces the VC concept and provides global best practice. The chapter aims to help enhance the understanding and rationale behind VC approaches through assessing the transit impacted accessibility value proposition and various VC mechanisms to capture the value created. A six-step Strategic Value Capture (SVC) framework is proposed which offers a step-by-step guidance to help define the VC based urban rail transit funding and financing processes from VC planning to VC operations.

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