scholarly journals Innovative value capture based rail transit financing: an opportunity for emerging transit cities of India

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Satya Sai Kumar Jillella ◽  
Peter Newman
Keyword(s):  
Sustainable Development ◽  
Lessons Learned ◽  
Sustainable Growth ◽  
Rail Transit ◽  
Value Capture ◽  
Transit Systems ◽  
Key Issues ◽  
Key Driver ◽  
Indian Cities ◽  
Capital Intensive

Emerging cities of the 21st century are attempting to build rail transit as a key driver to maintain their city’s competitiveness and help catalyze livable and sustainable development opportunities around station areas. Indian cities are doing this in a big way with about 50 cities embracing urban metro rail transit systems. The rail projects are approved politically but need financing to build such highly capital-intensive rail transit systems. The use of value capture (VC) mechanisms is gaining momentum across cities worldwide as a solution to transit funding and financing. The first cities in India are now deploying various VC based financing mechanisms. This paper therefore aims to review the experiences of VC based innovative financing practices in selected Indian cities. The research summarizes the key issues and lessons learned from these experiences to help define the way forward. The paper finally concludes that VC prac-tices in India are still at an embryonic stage but the results are encouraging with huge untapped potential to co-create rail transit centered sustainable growth. Moreover, the review findings and lessons learned will help enhance the understanding of the challenges in emerging transit cities of developing countries.

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.

scholarly journals Can Location Value Capture Pay for Transit? Organizational Challenges of Transforming Theory into Practice

2017 ◽  
Vol 55 (3) ◽  
pp. 743-771 ◽  
Author(s):  
Deborah Salon ◽  
Elliott Sclar ◽  
Richard Barone
Keyword(s):  
Institutional Change ◽  
Public Support ◽  
Lessons Learned ◽  
Organizational Mission ◽  
Value Capture ◽  
Transit Systems ◽  
Organizational Challenges ◽  
Institutional Authority ◽  
Transit Agencies ◽  
Acute Crisis

Successful public transit systems increase the value of locations they serve. Capturing this location value to help fund transit is often sensible, but challenging. This article defines location value capture and synthesizes lessons learned from six European and North American transit agencies that have experience with location value capture funding. The opportunities for and barriers to implementing location value capture fall into three categories: agency institutional authority, agency organizational mission, and public support for transit. When any of these factors is incompatible with a location value capture strategy, implementation becomes difficult. In four of the cases studied, dramatic institutional change was critical for success. In five cases, acute crisis was a catalyst for institutional change, value capture implementation, or both. Using value capture strategies to fund transit requires practitioners to both understand agency organizational constraints and view transit agencies as institutions that can transform in response to changing situations.

Monopoly Rents in Motorcycle Taxi Services in Bangkok, Thailand

2015 ◽  
Vol 2512 (1) ◽  
pp. 66-72 ◽  
Author(s):  
Apiwat Ratanawaraha ◽  
Saksith Chalermpong
Keyword(s):  
Rent Seeking ◽  
Rail Transit ◽  
Economic Rent ◽  
Value Capture ◽  
Transit Systems ◽  
Monopoly Rents ◽  
Operator Group ◽  
Bus Services ◽  
Motorcycle Taxi ◽  
Monopoly Rent

This paper examines the market for motorcycle taxi services in Bangkok, Thailand, in terms of economic rent and the effects of such rent on fares. Three sources of monopoly rent in motorcycle taxi services are identified. Locational rent is attributed to the level of accessibility that is specific to the location of a motorcycle taxi stand. Such locations are limited in terms of accessibility, with few locations that can be substituted with another. The quota rent is arbitrarily created by rent-seeking activities, that is, by setting a quota on the number of operators in each location. Territorial rent is created by restricting the service area for each operator group. Depending on the behavior of the so-called influential people, the monopoly can be either enforced or eroded. A regression analysis of fare data provides evidence that supports the hypothesis of locational and territorial rents. Locational rent decreases as a motorcycle taxi stand is located farther away from a rail transit station. Motorcycle taxi groups with demarcated territories command a fare premium, which may indicate territorial rent. Some stands enjoy a degree of monopoly where there are limited substitute feeder transport modes; stands located near bus stops also command a fare premium because of accessibility. This situation implies that bus services do not compete with motorcycle taxis but provide complementary services. The additional economic rent created by new transit systems is unfairly captured by operator groups and influential people. It is suggested that a competitive market be created for motorcycle taxi services, with value-capture measures that are intended to create a more efficient and fairer feeder transport system.

scholarly journals Sustainable Development in EU Countries in the Framework of the Europe 2020 Strategy

Processes ◽  
2021 ◽  
Vol 9 (3) ◽  
pp. 443
Author(s):  
Elena Širá ◽  
Rastislav Kotulič ◽  
Ivana Kravčáková Vozárová ◽  
Monika Daňová
Keyword(s):  
Energy Efficiency ◽  
Sustainable Development ◽  
Renewable Energy Sources ◽  
Sustainable Growth ◽  
Energy Sources ◽  
Eu Countries ◽  
Europe 2020 ◽  
Europe 2020 Strategy ◽  
The Baltic

The Europe 2020 Strategy was proposed with a long-term vision to ensure prosperity, development, and competitiveness for the member countries. This strategy is divided into three main areas named “growth”. One of these is sustainable growth. This is an area of sustainability, where the partial targets are referred to as the “20-20-20 approach”, and includes a reduction of greenhouse gas emissions, an increase in energy efficiency, and the sharing of renewable energy sources. However, questions arise, including: How do member states meet these targets? Which countries are leaders in this area? According to these stated questions, the aim of this article is to assess how EU countries are meeting the set targets for sustainable growth resulting from the Europe 2020 strategy and to identify the countries with the best results in this area. We looked for answers to these questions in the analysis of sustainable indicators, which were transformed into a synthetic measure for comparability of the resulting values. Finally, we identified the Baltic states, Nordic countries (European Union members), Romania, and Croatia as the best countries in fulfilling the sustainable growth aims. As sustainable development and resource efficiency are crucial areas for the future, it is important to consider these issues.

scholarly journals Civic Education for Sustainable Development

2015 ◽  
Vol 4 (1) ◽  
pp. 5-22
Author(s):  
Bernhard Ohlmeier
Keyword(s):  
Sustainable Development ◽  
Civic Education ◽  
Environmental Sustainability ◽  
Good Governance ◽  
Education For Sustainable Development ◽  
Sustainable Growth ◽  
Education For Sustainability ◽  
German Development ◽  
Political Dimension ◽  
Economic Productivity

Abstract Education for sustainable development (ESD) often fails to consider the political dimension. To address this gap, this paper focuses on a specific political approach to ESD. The model presented is derived from the four sustainable growth targets of German Development Policy. Instead of relying on a neo-classical or neo-liberal economic paradigm, however, the goals of social justice, environmental sustainability, economic productivity and good governance are interpreted using a sustainability model. This model is anchored in a steady-state economy that has overcome the myth of unlimited material growth and seeks to stay within the limits of the planet's resources. The preconditions of good governance are outlined, and it is described how the state and civil society can contribute to this normative goal. In addition to social, ecological, economic and political components, the presented model for civic education for sustainability considers conflicts between different development components and the need for horizontal and vertical coherence. In conclusion, the paper shows that civic education for sustainability must aim to produce informed and empowered global citizens. Citizens should have the ability to employ their knowledge and skills responsibly through local and global civic involvement while also remaining aware of their own interests. Furthermore, it falls to educational policy makers to create national as well as international organisational structures that facilitate civic ESD.

scholarly journals The Role of EU Innovation Policies in the Sustainable Development of the Energy Sector

2017 ◽  
Vol 62 (2) ◽  
pp. 3-19 ◽  
Author(s):  
Olesea Sirbu ◽  
Rodica Crudu ◽  
Augustin Ignatov
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Energy Sector ◽  
Sustainable Growth ◽  
The European Union ◽  
Demographic Pressure ◽  
The Sustainable Development ◽  
Global Power ◽  
Energy Domain ◽  
The Impact

Abstract In the present conditions when the demographic pressure upon the environment is higher than ever, the humanity faces the challenge of sustainability. Namely the sustainability of human activities is important and nothing can assure it better than sustainable energy supplies. The European Union is the leading global power in terms of adjusting its policies to increase innovation to assure a sustainable growth of its energy sector as a key to an advanced economic system. The present research focuses on the impact of European Union policies on the sustainable development of its energy sector by analyzing quantitatively and qualitatively various indicators intended to offer a throughout insight. The results obtained focus on the identification of the main innovation paradigms; the description of the main modern environmental challenges, especially in the energy domain; the determination of the relation between innovation and energy sustainability, and its analysis at the level of European Union.

The Paradoxes of the Sustainability Thesis

2011 ◽  
pp. 93-99
Author(s):  
Ranabir Samaddar
Keyword(s):  
Sustainable Development ◽  
Technical Analysis ◽  
Fundamental Question ◽  
The World ◽  
Key Issues ◽  
Comprehensive Framework

The author's reflections on the concept of sustainability move within a historicalsociological frame, and it is in this context that the author arises a fundamental question: is the world able to sustain other wars and mass destructions or, instead, it is necessary to listen to a new need the path of sustainable development. The work gives a unique perspective on the birth and evolution of the concept of sustainability, as it does not focus on data and technical analysis, but places this issue in a comprehensive framework, illustrating a number of ties between the need for a path of sustainability and global key issues, and providing important secondary issues.

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