Framework to capture the value created by urban transit in car dependent cities
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This PhD asks the question: Can land and property market value capture fund urban transit in car dependent global cities? This question is firstly addressed by identifying the causes of car dependence and the role of urban transport/land planning and policies. Then the willingness to pay for transit accessibility in cities’ property markets is modelled econometrically and financially, enabling the development of an integrated land use and transit value capture framework to fund transit investment.
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