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Mass transit projects are developing everywhere, and specifically Bus Rapid Transit (BRT) systems are taking place in many countries. Funding such projects is a big issue for public entities. Value capture is an option. It is the process by which a portion or all increments in land value attributed to "community efforts" are recouped by the public sector. A research of several value capture mechanisms for funding transit projects is carried out throughout this report. More than 20 tools are described. These instruments can be divided in three groups: i) value capture from the developers, ii) value capture from the community and iii) value capture from "within". Using the case of Colombian first BRT project (held in Bogota) I suggest value capture instruments and mechanisms to be implemented in the city as a way to help funding the infrastructure of the system. Lessons can be learned to find new sources of funding mass transit projects around the globe.
- Format: Pocket/Paperback
- ISBN: 9783846518823
- Språk: Engelska
- Antal sidor: 120
- Utgivningsdatum: 2011-10-10
- Förlag: LAP Lambert Academic Publishing