Urban Infrastructure Investment and Rent-Capture Potentials

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dc.creatorViguie, V.
dc.creatorHallegatte, S.
dc.date2014-11-12T21:17:07Z
dc.date2014-11-12T21:17:07Z
dc.date2014-10
dc.date.accessioned2026-07-01T00:53:13Z
dc.descriptionIn a context of rapid urbanization and energy transition, massive investments will be required to develop efficient public transport networks. Capturing the increase in land value caused by transport infrastructure (for example, through a betterment tax) appears a promising way to finance public transport. However, it is no trivial task, as it is difficult to anticipate the rent creation. This paper uses a simple city model based on urban economic theory to compute the rent created by improvements in public transport infrastructure in Paris, France. To apply in places where models or data are not available, a reduced form of the model is shown to provide acceptable approximations of the rent creation. Simulations confirm that land value capture can finance a significant part of transport investments. The simulations also show that value capture potentials are influenced by what happens in the entire agglomeration. Simultaneous infrastructure investments in different parts of the city play a significant role, as they change overall accessibility patterns. Evolutions taking place in other cities also have a comparable influence. Non-local effects can change the total potential for land value capture and multiply this potential by as much as a factor of two.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/10/20300168/urban-infrastructure-investment-rent-capture-potentials
dc.identifierhttps://hdl.handle.net/10986/20513
dc.identifierhttps://doi.org/10.1596/1813-9450-7067
dc.identifier.urihttp://hdl.handle.net/123456789/412471
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relationPolicy Research Working Paper;No. 7067
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESSIBILITY
dc.subjectAGRICULTURE
dc.subjectAIR
dc.subjectAIR POLLUTION
dc.subjectAVERAGE TRIP LENGTH
dc.subjectBETTERMENT LEVIES
dc.subjectBETTERMENT TAX
dc.subjectBUS
dc.subjectCALIBRATION
dc.subjectCAR
dc.subjectCAR TRANSPORT
dc.subjectCAR TRAVEL
dc.subjectCLIMATE CHANGE
dc.subjectCOMMERCIAL REAL ESTATE
dc.subjectCOMMUTERS
dc.subjectCOMMUTING
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectCONGESTION
dc.subjectCONSTRUCTION
dc.subjectCONSTRUCTION COSTS
dc.subjectCOST OF TRANSPORT
dc.subjectCOST OF TRANSPORTATION
dc.subjectCROSSING
dc.subjectDAILY TRAFFIC
dc.subjectDEVELOPERS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCOUNT RATE
dc.subjectDRIVING
dc.subjectECONOMIC THEORY
dc.subjectELASTICITIES
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectEQUATIONS
dc.subjectFARES
dc.subjectFINANCE INFRASTRUCTURE
dc.subjectFINANCING TRANSIT SYSTEMS
dc.subjectFRAMEWORK
dc.subjectFREEWAY
dc.subjectFUEL
dc.subjectFUEL COSTS
dc.subjectGASOLINE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectHIGH-SPEED RAIL
dc.subjectHIGHWAY
dc.subjectHOUSEHOLDS
dc.subjectHOUSES
dc.subjectHOUSING
dc.subjectHOUSING CONSTRUCTION
dc.subjectHOUSING PRICES
dc.subjectIMPACT OF TRANSPORT
dc.subjectINCOME
dc.subjectINDIFFERENCE CURVES
dc.subjectINFRASTRUCTURE COSTS
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectJOURNEY
dc.subjectJOURNEY TIME
dc.subjectJOURNEYS
dc.subjectLAND PRICES
dc.subjectLAND USE
dc.subjectLANDOWNERS
dc.subjectLIGHT RAIL
dc.subjectLIGHT RAIL SYSTEM
dc.titleUrban Infrastructure Investment and Rent-Capture Potentials

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