详情

原文传递 Unlocking Land Values to Finance Urban Infrastructure

题名：	Unlocking Land Values to Finance Urban Infrastructure
责任者：	Peterson, George E.
关键词：	Public Sector Economics；Public Sector Management and Reform；Urban Development；Municipal Financial Management；Banks and Banking Reform；Transport Economics Policy and Planning；Finance and Financial Sector Development；Public Sector Development；Transport
学科分类：	交通运输规划与管理
摘要：	Urban growth throughout the developing world has created a challenge for financing infrastructure. Investment in infrastructure is needed to provide basic services for newly developed parts of urban areas. It is needed to meet the demand for a safer and more reliable water supply, higher standards for the removal and treatment of wastewater and solid waste, and the transportation requirements of a population whose expectations of mobility rise with household incomes. Infrastructure investment also is essential to the economic productivity of cities. This book examines an important additional option for local infrastructure finance: capturing land value gains for public investment. Land values are highly sensitive to infrastructure investment and urban economic growth. Public works projects such as road construction, water supply, and mass transit investment produce benefits that are immediately capitalized into surrounding land values. Many cities in developing countries have underused public lands that would be more valuable if sold and converted into infrastructure assets. Tapping land values was a large part of the investment strategy of Western countries in financing urban infrastructure during the 19th century, when cities were growing most rapidly. As part of the overall financing mix, using land assets for infrastructure finance has several advantages. Most instruments of this type generate revenues upfront, making it easier to finance lumpy investment projects. Mobilizing finance from land transactions also generates price signals that increase the efficiency of urban land markets and help rationalize the urban development pattern.
出版机构：	World Bank
报告类型：	咨询报告
详细地址：	http://documents.worldbank.org/curated/en/2008/10/9949773/unlocking-land-values-finance-urban-infrastructure
资源类型：	科技（咨询、行业）报告
初始创建时间：	2008
最新修改时间：	2017-12-14T04:41:27Z