The Use of Value Capture for Transport Projects in China: Opportunities and Challenges

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dc.citation.issue5
dc.citation.volume5
dc.contributor.authorWang X
dc.contributor.authorImran M
dc.contributor.authorTsui KWH
dc.contributor.authorSturup S
dc.contributor.editorKato, H
dc.date.available2019-12-15
dc.date.issued2019-12-15
dc.description.abstractValue capture (VC) could be a useful tool to address the huge demand for public transport infrastructure funding in China. This research identifies the opportunities and challenges faced by VC implementation in China and explains how local governments and local transit agencies dealt with the regulatory barriers. The findings of this research offer insights including: (1) macro environment, regulatory framework, and supportive policy environment provide opportunities to adopt VC projects, while the risk of acquiring land vale cannot be isolated from the global political and economic situations; (2) the regulatory challenges of land transactions and lack of property tax system restrict the application of VC; (3) evidence from the case study of Shenzhen demonstrates that local government may creatively deal with the regulatory challenges to do VC and benefit local community; (4) institutional capacity is vital to implement VC. The analysis of Shenzhen experience can provide a reference for other Chinese cities to implement VC.
dc.description.confidentialfalse
dc.edition.edition2018-2019
dc.format.extent784 - 810
dc.identifierhttps://www.jstage.jst.go.jp/article/eastsats/5/5/5_784/_article
dc.identifier.citationAsian Transport Studies, 2019, 2018-2019, 5 (5), pp. 784 - 810
dc.identifier.doi10.11175/eastsats.5.784
dc.identifier.eissn2185-5560
dc.identifier.elements-id428250
dc.identifier.harvestedMassey_Dark
dc.identifier.issn2185-5560
dc.languageEnglish
dc.publisherEastern Asia Society for Transportation Studies
dc.publisher.urihttps://www.jstage.jst.go.jp/article/eastsats/5/5/5_784/_article
dc.relation.isPartOfAsian Transport Studies
dc.rightsThis is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0)
dc.subjectChina
dc.subjectInstitutional Capacity
dc.subjectMacro-economic Factors
dc.subjectRegulatory Framework
dc.subjectTransportation Funding
dc.subjectValue Capture
dc.titleThe Use of Value Capture for Transport Projects in China: Opportunities and Challenges
dc.typeJournal article
pubs.notesNot known
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/College of Humanities and Social Sciences
pubs.organisational-group/Massey University/College of Humanities and Social Sciences/School of People, Enviroment and Planning
pubs.organisational-group/Massey University/Massey Business School
pubs.organisational-group/Massey University/Massey Business School/School of Aviation
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