Employing land value capture in urban rail transit public private partnerships: Retrospective analysis of Delhi's airport metro express

被引：15

作者：

Li, Xinjian ^{[1
]}

Love, Peter E. D. ^{[1
]}

机构：

[1] Curtin Univ, Sch Civil & Mech Engn, GPO Box U1987, Perth, WA 6845, Australia

来源：

RESEARCH IN TRANSPORTATION BUSINESS AND MANAGEMENT | 2019年 / 32卷

关键词：

Public-private partnership; Demand forecast; Finance; Land value capture; Rail; VALUE UPLIFT; HONG-KONG; TRANSPORT; INFRASTRUCTURE; PROJECTS; LESSONS; PPPS; INVOLVEMENT; EXPERIENCES; AUSTRALIA;

D O I：

10.1016/j.rtbm.2020.100431

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The employment of Land Value Capture (LVC) has been widely considered as a financial mechanism that can ensure the economic viability of Urban Rail Transit (URT) systems that are procured using a Public-Private Partnerships (PPP). In this paper, we conduct a retrospective analysis of Delhi's Airport Express Rail Line that was procured using a PPP in conjunction with LVC. We provide insights into the issues that stymied its development and operation, specifically focusing on its: (1) over-optimistic transit demand forecast; (2) aggressive bidding; and (3) underestimating the LVC's contribution to the project's viability. The new knowledge that we present is then used to provide recommendations for policy-makers to reflect upon before considering URT PPPs in combination with LVC.

引用

页数：13

共 15 条

[1] Procuring urban rail transit infrastructure by integrating land value capture and public-private partnerships: Learning from the cities of Delhi and Hong Kong
Li, Xinjian
Love, Peter E. D.
CITIES, 2022, 122
[2] Public-private partnerships and land value capture: A convergent framework to improve the procurement of urban rail transit infrastructure
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[3] State-of-the-Art Review of Urban Rail Transit Public-Private Partnerships
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[4] Determinants for Operating Organization Selection in Urban Rail Transit Project under Public-Private Partnerships
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[5] Emerging Public-Private Partnerships in China's Rail Mass Transit Case of Shenzhen
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[7] A systemic model for implementing land value capture to support urban rail transit infrastructure projects
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TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE, 2022, 156 : 90 - 112
[8] Core elements of public-private partnership in urban rail transit: Case of Beijing metro line M
Hao, Weiya
Wang, Yingying
Ding, Huiping
Tumu Gongcheng Xuebao/China Civil Engineering Journal, 2012, 45 (10): : 175 - 180
[9] A financing mode of Urban Rail transit based on land value capture: A case study in Wuhan City
Sun, Jun
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TRANSPORT POLICY, 2017, 57 : 59 - 67
[10] Public-private partnerships and achievement of public value: The experience of Jordan's Queen Alia International Airport
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JOURNAL OF INFRASTRUCTURE POLICY AND DEVELOPMENT, 2023, 7 (01)

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