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Urban Development on Railway-Served Land: Lessons and Opportunities for the Developing World

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  • Cervero, Robert

Abstract

Under the right conditions -- serious traffic congestion, a permissive regulatory environment, and frequent and reliable transit services -- rail transit investments can powerfully shape cities and regions. Rail transit’s city‐shaping powers are due to market forces and policy interventions. By enhancing accessibility (the ability of those living, working, or shopping rail near stops to quickly reach desired destinations) rail services increase the value and desirability of properties in and around stations. Market pressures by themselves rarely produce transit oriented development. To leverage private investments in and around stations, pro‐activism and a certain amount of risk‐taking on the part of local governments are often needed. This report includes case studies from several cities, along with a policy lessons summary. Land value impacts and value capture opportunities are described.

Suggested Citation

  • Cervero, Robert, 2020. "Urban Development on Railway-Served Land: Lessons and Opportunities for the Developing World," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt71v7m90b, Institute of Transportation Studies, UC Berkeley.
    • Handle: RePEc:cdl:itsrrp:qt71v7m90b
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    References listed on IDEAS

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    1. Golub, Aaron David, 2003. "Welfare Analysis of Informal Transit Services in Brazil and the Effects of Regulation," University of California Transportation Center, Working Papers qt0pf40632, University of California Transportation Center.
    2. Robert Cervero & Bambang Susantono, 1999. "Rent Capitalization and Transportation Infrastructure Development in Jakarta," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 11(1), pages 11-23, March.
    3. Cervero, Robert & Golub, Aaron, 2007. "Informal transport: A global perspective," Transport Policy, Elsevier, vol. 14(6), pages 445-457, November.
    4. George E. Peterson, 2008. "Unlocking Land Values to Finance Urban Infrastructure," World Bank Publications - Books, The World Bank Group, number 6552.
    5. Golub, Aaron David, 2003. "Welfare Analysis of Informal Transit Services in Brazil and the Effects of Regulation," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt4z3826fg, Institute of Transportation Studies, UC Berkeley.
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