| Value Capture for Funding Mass Transit Infrastructure Contributor(s): Mendoza, Camilo (Author) |
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ISBN: 3846518824 ISBN-13: 9783846518823 Publisher: LAP Lambert Academic Publishing OUR PRICE: $50.27 Product Type: Paperback Published: October 2011 |
| Additional Information |
| BISAC Categories: - Science | Earth Sciences - General |
| Physical Information: 0.28" H x 6" W x 9" (0.41 lbs) 120 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Mass transit projects are developing everywhere, and specifically Bus Rapid Transit (BRT) systems are taking place in many countries. Funding such projects is a big issue for public entities. Value capture is an option. It is the process by which a portion or all increments in land value attributed to "community efforts" are recouped by the public sector. A research of several value capture mechanisms for funding transit projects is carried out throughout this report. More than 20 tools are described. These instruments can be divided in three groups: i) value capture from the developers, ii) value capture from the community and iii) value capture from "within". Using the case of Colombian first BRT project (held in Bogota) I suggest value capture instruments and mechanisms to be implemented in the city as a way to help funding the infrastructure of the system. Lessons can be learned to find new sources of funding mass transit projects around the globe. |