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Participatory Sustainability Approach to Value Capture-Based Urban Rail Financing in India through Deliberated Stakeholder Engagement

Author

Listed:
  • Satya Sai Kumar Jillella

    (Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Building 209, Bentley, Perth 6845 WA, Australia)

  • Annie Matan

    (Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Building 209, Bentley, Perth 6845 WA, Australia)

  • Peter Newman

    (Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Building 209, Bentley, Perth 6845 WA, Australia)

Abstract

Increasingly, cities around the world are seeking innovative financial mechanisms to build rail transit projects. Land value capture (VC) is a financing mechanism to fund urban rail transit. Often VC mechanisms are viewed only as a financing tool applied in relation to increased land values from the administration and legislation perspectives, without actively involving the community in the process. The lack of such participation has resulted in the under collection of the true value established. The transit beneficiary community and city tax payers are especially important stakeholders in this process as their willingness to participate is really critical to the overall VC success and transport outcome. This paper introduces a participatory sustainability approach to enable a more deliberated stakeholder engagement intervention across the VC life cycle. A four-step “Participatory Strategic Value Capture (PSVC)” framework is proposed offering step-by-step guidance toward facilitating a meaningful stakeholder dialogue, deliberation, and collaboration around the stated engagement interests. The PSVC framework, applied to the proposed Bangalore sub-urban rail project in India, has demonstrated the importance of stakeholder engagement using deliberated participatory approaches from a win-win perspective.

Suggested Citation

  • Satya Sai Kumar Jillella & Annie Matan & Peter Newman, 2015. "Participatory Sustainability Approach to Value Capture-Based Urban Rail Financing in India through Deliberated Stakeholder Engagement," Sustainability, MDPI, vol. 7(7), pages 1-25, June.
    • Handle: RePEc:gam:jsusta:v:7:y:2015:i:7:p:8091-8115:d:51601
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    References listed on IDEAS

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    1. Jeffery J. Smith & Thomas A. Gihring, 2006. "Financing Transit Systems Through Value Capture," American Journal of Economics and Sociology, Wiley Blackwell, vol. 65(3), pages 751-786, July.
    2. Cervero, Robert B., 2013. "Linking urban transport and land use in developing countries," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 6(1), pages 7-24.
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    5. Hiroaki Suzuki & Robert Cervero & Kanako Iuchi, 2013. "Transforming Cities with Transit : Transit and Land-Use Integration for Sustainable Urban Development [Transformando las ciudades con el transporte público : integración del transporte público y el," World Bank Publications - Books, The World Bank Group, number 12233.
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    Cited by:

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    2. Yonggu Kim & Eul-Bum Lee, 2018. "A Probabilistic Alternative Approach to Optimal Project Profitability Based on the Value-at-Risk," Sustainability, MDPI, vol. 10(3), pages 1-24, March.
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    5. Newman, Peter & Davies-Slate, Sebastian & Jones, Evan, 2018. "The Entrepreneur Rail Model: Funding urban rail through majority private investment in urban regeneration," Research in Transportation Economics, Elsevier, vol. 67(C), pages 19-28.
    6. Jyothi Chava & Peter Newman, 2016. "Stakeholder Deliberation on Developing Affordable Housing Strategies: Towards Inclusive and Sustainable Transit-Oriented Developments," Sustainability, MDPI, vol. 8(10), pages 1-21, October.

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