Participatory Sustainability Approach to Value Capture-Based Urban Rail Financing in India through Deliberated Stakeholder Engagement
MetadataShow full item record
This open access article is distributed under the Creative Commons license http://creativecommons.org/licenses/by/4.0/
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.
Showing items related by title, author, creator and subject.
Participatory sustainability approach to value capture-based urban rail financing in India through deliberated stakeholder engagementJillella, Satya Sai Kumar; Matan, Annie; Newman, Peter (2014)Increasingly cities around the world are seeking innovative financial mechanisms to build urban rail transit projects. Land value capture (VC) is a financing mechanism to fund urban rail transit. Often VC mechanisms are ...
Towards a global participatory platform: Democratising open data, complexity science and collective intelligenceBuckingham Shum, S.; Aberer, K.; Schmidt, A.; Bishop, S.; Lukowicz, P.; Anderson, S.; Charalabidis, Y.; Domingue, J.; de Freitas, Sara; Dunwell, I.; Edmonds, B.; Grey, F.; Haklay, M.; Jelasity, M.; Karpistsenko, A.; Kohlhammer, J.; Lewis, J.; Pitt, J.; Sumner, R.; Helbing, D. (2012)The FuturICT project seeks to use the power of big data, analytic models grounded in complexity science, and the collective intelligence they yield for societal benefit. Accordingly, this paper argues that these new tools ...
Molster, C.; Maxwell, Susannah; Youngs, L.; Potts, A.; Kyne, G.; Hope, F.; Dawkins, Hugh; O'Leary, Peter (2012)Background: Deliberative public engagement is recommendedfor policy development in contested ethical areas.Scholars provide little guidance on how deliberative outputscan be translated to policy. This paper describes the ...