Log in

Create a user profile using your existing professional profile on LinkedIn, Academia, or ResearchGate.


Alternatively, register a username and password to start an account.


By creating an account you will be able to contribute articles, engage in discussion groups, network with fellow professionals and businesses, and receive interest-related alerts.

Forgot Password

Please enter your email address below and you will receive a temporary link to re-activate your account

Article image

Downloads

Website References

Built environment

Cities

Development

Economics

Finance

Human settlements

Infrastructure

Investment

Land

Policy

Property tax

South Africa

Transport

Urban and Regional Dynamics

Value capture

Capturing value from transport infrastructure investment: The need for a clearer policy context to support municipalities

CSIR Policy Brief

This policy brief describes some of the useful instruments for creating and sustaining positive cycles of land value creation and capture in a specific location. Many are used in other countries and cannot be easily applied in South Africa, either because municipalities have not yet thought of using or applying them, but in many instances because the policy environment is not supportive of their development. An important element of value capture is the ability to create value within a precinct and then to re-invest that value within the area (as with Business Improvement Districts). But many policies prevent the ring fencing of funds for re-investment in geographic areas.

This policy brief focuses on some of the changes needed to stimulate the greater use of value capture strategies and instruments. If planned and regulated in the right way, they have the potential to stimulate inclusive urban development. The material in this policy brief is based directly on (and includes excerpts from) work by the Urban Land Markets Programme Southern Africa (Urban LandMark), the South African Cities Network, and National Treasury (Training for Township Renewal Initiative).

Article description based directly on source.

View Contributors:

Comments

No comments available
LOAD MORE