Spatial impacts of high speed rail on land value change

Growth benefits of high speed rail (HSR) for enterprises are not automatic, but require a buoyant local economy and a robust strategy. Against above background, main objectives of ex-ante case study have been to investigate local socio-economic and spatial impacts of proposed HSR project around Ahmedabad station area on Mumbai-Ahmedabad HSR corridor, analyze the opportunities and challenges of HSR development and draw policy implications. Qualitative research methodology has been used to elicit the perceptions and perspectives of randomly selected 43 small, medium and large enterprises. Data has been analyzed using descriptive statistics. The study reveals that HSR induced greater human interaction will activate local economy, improve business efficiency and generate employment. Frequent travels on business trips can influence enterprises decision to settle near HSR station for easy access and likely to promote realty development. The proposed HSR project should be developed in synergy with urban dynamics of cities in transition and metropolitan service cities. Poor public transport connectivity is likely to be a major challenge in improving HSR accessibility and enhancing overall impacts of HSR, which can be improved by developing an integrated urban transport system, for which cooperation of all stakeholders and coherence with firms’ strategies is essential.

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How does high-speed rail affect land value? Evidence from China

Land Use Policy ◽

10.1016/j.landusepol.2020.105068 ◽

2021 ◽

Vol 101 ◽

pp. 105068

Author(s):

Zhonghua Huang ◽

Xuejun Du

Keyword(s):

High Speed ◽

Land Value ◽

High Speed Rail

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Tracks to Change or Mixed Signals? A Review of the Anglo-Saxon Literature on the Economic and Spatial Impacts of High-Speed Rail

Transport Reviews ◽

10.1080/01441647.2013.836578 ◽

2013 ◽

Vol 33 (6) ◽

pp. 617-633 ◽

Cited By ~ 13

Author(s):

Anastasia Loukaitou-Sideris ◽

Harrison Higgins ◽

Matthew Piven ◽

Wenbin Wei

Keyword(s):

High Speed ◽

Anglo Saxon ◽

High Speed Rail ◽

Spatial Impacts

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Deciphering Property Development around High-Speed Railway Stations through Land Value Capture: Case Studies in Shenzhen and Hong Kong

Sustainability ◽

10.3390/su132212605 ◽

2021 ◽

Vol 13 (22) ◽

pp. 12605

Author(s):

Weihang Gong ◽

Jing (Victor) Li ◽

Mee Kam Ng

Keyword(s):

Hong Kong ◽

Public Transportation ◽

High Speed ◽

Resource Scarcity ◽

Land Resource ◽

Land Value ◽

Property Development ◽

High Speed Rail ◽

Value Capture ◽

Power Direction

Property development around transit stations has been viewed by many governments as a considerable way of financing public transportation. However, despite mounting evidence of the positive relationship between transport investment and proximate land value, the stakeholder relationship in enabling complex property–transit development has received relatively scarce attention. In this study, we analyze the railway financing strategies in two cities (Shenzhen and Hong Kong) connected by the first cross-border high-speed rail (HSR) network in China. Using a holistic power approach, this study presents power direction, power strength, and power mechanism as the critical factors for each case. The results reveal that different stakeholder relations arising from different social and institutional contexts have led to varying land value capture practices. The findings of this study contribute to sustainable railway financing in three phases: First, it unravels the relationship between railway financing and property development under the context of an intercity railway program, with the intervention of state power. Second, it sorts out critical elements in the implementation of the land value capture mechanism, especially institutional factors such as the role of the transit agency. Third, it directs a flexible development of the land value capture theory to cope with foreseeable problems such as land resource scarcity, institutional complexity, and interest divergence.

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