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The Financial Estimates and Results of Servicing Land in the Netherlands

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  • Willem K Korthals Altes

    (OTB Research Institute for Housing, Urban, and Mobility Studies, Delft University of Technology, Jaffalaan 9, 2628BX Delft, The Netherlands)

Abstract

Past research has revealed that governments are often tempted to underestimate the costs and overestimate the benefits of infrastructure projects. However, an analysis of local-government estimates and accounts reveals that servicing land by local authorities in the Netherlands is an exception to this general phenomenon. The profits made by local authorities from land development are growing, while the costs, revenues, and results are, on average, underestimated by local authorities. This may have consequences for the explanation of budget overruns and the solutions that may be effective in countering this problem. It is not always necessary for there to be one single moment in the planning process at which a fully informed choice can be made; an alternative is to leave room for flexible, piecemeal decision making.

Suggested Citation

  • Willem K Korthals Altes, 2010. "The Financial Estimates and Results of Servicing Land in the Netherlands," Environment and Planning B, , vol. 37(5), pages 929-941, October.
    • Handle: RePEc:sae:envirb:v:37:y:2010:i:5:p:929-941
    DOI: 10.1068/b36027
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    References listed on IDEAS

    as
    1. Bent Flyvbjerg, 2007. "Policy and Planning for Large-Infrastructure Projects: Problems, Causes, Cures," Environment and Planning B, , vol. 34(4), pages 578-597, August.
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    3. Willem K Korthals Altes, 2006. "Stagnation in Housing Production: Another Success in the Dutch ‘Planner's Paradise’?," Environment and Planning B, , vol. 33(1), pages 97-114, February.
    4. Zhu, Xueqin & Van Ommeren, Jos & Rietveld, Piet, 2009. "Indirect benefits of infrastructure improvement in the case of an imperfect labor market," Transportation Research Part B: Methodological, Elsevier, vol. 43(1), pages 57-72, January.
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