Land-Based Financing Tools to Support Urban Development in South Africa
01 February 2017
Cities Support Programme
Titled Land-Based Financing Tools to Support Urban Development in South Africa, this report examines a range of global municipal tools for creating land value, outlining their functions, costs, applicable contexts, and respective advantages and disadvantages in Chapter 3. South Africa has long acknowledged the vital role of cities in its overall progress. Yet, rapid urbanisation has strained the ability of metropolitan municipalities to provide sufficient infrastructure and public services, partly due to a lack of historical investment. To address these challenges, municipalities must tackle structural obstacles, such as unequal access to services, and explore ways to enhance their revenue and effectively manage resources. Consequently, the South African National Treasury's Cities' Support Programme (CSP) sought the World Bank's assistance in identifying land-based financing (LBF) mechanisms to optimise government assets, facilitate spatial reorganisation, and promote transit-oriented development. The report presents in-depth insights into global municipal land value generation tools, along with practical case studies to illustrate their application.
Abstract based directly on source.