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.
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页数：13
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