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Emerging Value Capture Innovative Urban Rail Funding and Financing: A Framework

Emerging Value Capture Innovative Urban Rail Funding and Financing: A Framework

Satya Sai Kumar Jillella, Sitharam T G, Anne Matan, Peter Newman
Copyright: © 2017 |Pages: 16
ISBN13: 9781522508038|ISBN10: 1522508031|EISBN13: 9781522508045
DOI: 10.4018/978-1-5225-0803-8.ch077
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MLA

Jillella, Satya Sai Kumar, et al. "Emerging Value Capture Innovative Urban Rail Funding and Financing: A Framework." Natural Resources Management: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2017, pp. 1617-1632. https://doi.org/10.4018/978-1-5225-0803-8.ch077

APA

Jillella, S. S., T G, S., Matan, A., & Newman, P. (2017). Emerging Value Capture Innovative Urban Rail Funding and Financing: A Framework. In I. Management Association (Ed.), Natural Resources Management: Concepts, Methodologies, Tools, and Applications (pp. 1617-1632). IGI Global. https://doi.org/10.4018/978-1-5225-0803-8.ch077

Chicago

Jillella, Satya Sai Kumar, et al. "Emerging Value Capture Innovative Urban Rail Funding and Financing: A Framework." In Natural Resources Management: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 1617-1632. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-0803-8.ch077

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Abstract

Urban rail transit is emerging around the world as a catalyzing developmental solution to enable 21st century sustainable cities. However, these transit systems are capital intensive and cities worldwide are seeking innovative funding and financing mechanisms. Recently, land based value capture (VC) mechanisms have emerged as a pioneering solution to fund urban rail projects. This chapter introduces the VC concept and provides global best practice. The chapter aims to help enhance the understanding and rationale behind VC approaches through assessing the transit impacted accessibility value proposition and various VC mechanisms to capture the value created. A six-step Strategic Value Capture (SVC) framework is proposed which offers a step-by-step guidance to help define the VC based urban rail transit funding and financing processes from VC planning to VC operations.

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