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Land enhancement and intensification benefits of investing in an urban rail network

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  • Le, Henry
  • Lim, Wee Liang
  • Leong, Wai Yan

Abstract

Authorities around the world are constantly evaluating new ways to justify the implementation of capital intensive transport infrastructure such as urban rail solutions. Traditionally, the benefits of an urban rail line are calculated on the basis of user benefits such as savings in travel time, vehicle operating costs, accident costs and environmental costs, and more recently wider economic benefits. An alternative approach that is sometimes used is to consider the appreciation of property prices along a rail corridor, and the intensification of land development surrounding a rail station.

Suggested Citation

  • Le, Henry & Lim, Wee Liang & Leong, Wai Yan, 2018. "Land enhancement and intensification benefits of investing in an urban rail network," Research in Transportation Economics, Elsevier, vol. 69(C), pages 512-522.
    • Handle: RePEc:eee:retrec:v:69:y:2018:i:c:p:512-522
    DOI: 10.1016/j.retrec.2018.04.009
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Land enhancement benefits; Land intensification benefits; Wider economic benefits; Hedonic regression; Accessibility;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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