Joint development as a value capture strategy for public transit finance

Zhirong J Zhao, Kirti V Das, Kerstin Larson

Research output: Contribution to journalArticle

14 Citations (Scopus)

Abstract

Synthesizing relevant experiences in US and some Asian countries, this article reviews joint development as a value capture strategy for funding public transit. The review starts from the concept of joint development in transportation, its rationale, and the extent of use. We then provide a classification of joint development models with respect to ownerships and transaction methods. These models are illustrated with case examples from multiple countries. After that, we assess the efficacy of joint development with a set of criteria for transportation finance evaluation, including economic efficiency, social equity, revenue adequacy & sustainability, and political & administrative feasibility. Finally, we conclude and provide recommendations for policy consideration.

Original languageEnglish (US)
Pages (from-to)5-17
Number of pages13
JournalJournal of Transport and Land Use
Volume5
Issue number1
DOIs
StatePublished - Dec 24 2012

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Finance
finance
equity
ownership
Sustainable development
Values
economic efficiency
sustainability
development model
Economics
transaction
revenue
funding
economics
evaluation
public
experience
recommendation
method
policy

Keywords

  • Joint development
  • Transportation finance
  • Value capture

Cite this

Joint development as a value capture strategy for public transit finance. / Zhao, Zhirong J; Das, Kirti V; Larson, Kerstin.

In: Journal of Transport and Land Use, Vol. 5, No. 1, 24.12.2012, p. 5-17.

Research output: Contribution to journalArticle

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