Institutional barriers to financing transit-oriented development in China: Analyzing informal land value capture strategies

In order to deal with severe traffic and environmental issues, transit-oriented development (TOD) has been encouraged in China. Land-based value capture strategies have been applied, with varying degrees of success, as a way of co-financing TOD investments. Often, these strategies are based on innovative, but informal planning and land management practices which help to bypass institutional barriersto the effective use of land-based value capture mechanism. This paper aims to identify the interaction between the institutional context and land-based value capture mechanisms for TOD in China and discusses potential ways to deal with those informal practices based on both empirical evidence from successful cases in some Chinese cities and international practices. The findings from literature review, expert interviews, a focus group meeting and three case studies highlight several insights: 1) the effectiveness of land-based value capture for TOD in China is constrained by unsupportive planning, rigid financial regulation, and inefficient governance; 2) informal planning strategies, including the “rail plus property strategy”, the “two-step bidding strategy” and the “land reserve strategy” have been experimentally applied to bypass these barriers; and 3) evidence from international TOD policies on the one hand and the institutionalization of experimental planning strategies on the other hand suggests some options how China could move forward in this matter.

• Record URL:
  • https://doi.org/10.1016/j.tranpol.2019.07.010
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0967070X19300368
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
• Supplemental Notes:
  • © 2019 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
• Authors:
  • Wang, Jinshuo
  • Samsura, D Ary A
  • van der Krabben, Erwin
• Publication Date: 2019-10

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 1-10
• Serial:
  • Transport Policy
  • Volume: 82
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 0967-070X
  • Serial URL: http://www.elsevier.com/locate/issn/096707X

Subject/Index Terms

• TRT Terms: Financing; Land values; Transit oriented development; Transportation planning
• Geographic Terms: China
• Subject Areas: Finance; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 01718425
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 27 2019 5:03PM