Unlocking Land Values to Finance Urban Infrastructure : Land-Based Financing Options for Cities

Raising capital to finance urban infrastructure is a challenge. One solution is to 'unlock' urban land values - such as by selling public lands to capture the gains in value created by investment in infrastructure projects. Land-based financing techniques are playing an increasingly important role in financing urban infrastructure in developing countries. They complement other capital financing approaches, such as local government borrowing, and can provide price signals that make the urban land market more efficient.

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Bibliographic Details
Main Author: Peterson, George E.
Language:English
Published: World Bank, Washington, DC 2008-08
Subjects:ACCOUNTABILITY, ACCOUNTING, ACQUISITION OF RIGHT-OF-WAY, ADMINISTRATIVE COSTS, AIRPORT, ASSET MANAGEMENT, ASSETS, AUCTION, AUCTIONS, BALANCE SHEETS, BETTERMENT LEVIES, BOND, BOND ISSUE, BRIDGE, BUS, BUS STATION, CAPITAL GAIN, CAPITAL INVESTMENT, CITIES, COLLATERAL, COMPETITIVE AUCTIONS, DEBT FINANCING, DEBT SOURCE, DEVELOPING COUNTRIES, DEVELOPMENT CHARGES, FINANCE INFRASTRUCTURE, FINANCES, FINANCING OF INFRASTRUCTURE, GOVERNMENT REVENUE, HIGHWAY, HIGHWAY CONSTRUCTION, HIGHWAY PROJECT, HIGHWAYS, HOUSING, INCOME, INFRASTRUCTURE COSTS, INFRASTRUCTURE FINANCE, INFRASTRUCTURE FINANCING, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE PROJECTS, INSTRUMENT, INTERNATIONAL FINANCE, INVENTORIES, INVENTORY, INVESTING, INVESTMENT FUNDS, INVESTMENT PROJECTS, LAND AS COLLATERAL, LAND PARCELS, LAND PRICES, LAND USE, LAND VALUE, LAND VALUES, LEVY, LOAN, LOCAL ECONOMY, LOCAL GOVERNMENT, LOCAL GOVERNMENT BORROWING, MARKET VALUE, METROPOLITAN TRANSPORTATION, MUNICIPAL, MUNICIPAL BONDS, MUNICIPAL FINANCE, MUNICIPAL GOVERNMENTS, MUNICIPALITY, PRIVATE INVESTMENT, PROPERTY TAX SYSTEMS, PUBLIC, PUBLIC AGENCIES, PUBLIC DEBT, PUBLIC FINANCE, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENT, PUBLIC OFFICIALS, PUBLIC SECTOR, PUBLIC SERVICES, PUBLIC WORKS, PUBLIC WORKS PROJECTS, RETIREMENT, RETURN, RING ROAD, ROAD IMPROVEMENTS, ROADS, TAX, TAX COLLECTIONS, TAX RATES, TECHNICAL ASSISTANCE, TRANSPARENCY, TRANSPORT, TRANSPORT INFRASTRUCTURE, TRANSPORT INVESTMENT, TRANSPORT PROJECTS, TRANSPORTATION, TRANSPORTATION AUTHORITY, TRANSPORTATION PLAN, TRUE, URBAN DEVELOPMENT, URBAN HIGHWAY, URBAN INFRASTRUCTURE, UTILITIES, VACANT LAND, VALUATIONS, VEHICLE, WATER SUPPLY,
Online Access:http://documents.worldbank.org/curated/en/2008/08/9988477/unlocking-land-values-finance-urban-infrastructure-land-based-financing-options-cities
https://hdl.handle.net/10986/10599
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Summary:Raising capital to finance urban infrastructure is a challenge. One solution is to 'unlock' urban land values - such as by selling public lands to capture the gains in value created by investment in infrastructure projects. Land-based financing techniques are playing an increasingly important role in financing urban infrastructure in developing countries. They complement other capital financing approaches, such as local government borrowing, and can provide price signals that make the urban land market more efficient.