Blog » Financing Transit-Oriented Development with Land Values (World Bank)
Adapting land-value capture in developing countries. Financing Transit-Oriented Development with Land Values proposes the use of “development-based land value capture” mechanisms to help overcome the financial hurdle of transit infrastructure. Coupled with supportive land use regulations, development-based land value capture helps “capture” property value increases due to transit investments. This revenue can in turn be used to help cover the cost of transit infrastructure and maintenance, and agreements for development rights transfers can include provisions such as services and facilities for low-income groups.
Authors: Hiroaki Suzuki, Jin Murakami, Yu-Hung Hong, Beth Tamayose