Land enhancement and intensification benefits of investing in an urban rail network

Henry Le, Wee Liang Lim and Wai Yan Leong

Research in Transportation Economics, 2018, vol. 69, issue C, 512-522

Abstract: Authorities around the world are constantly evaluating new ways to justify the implementation of capital intensive transport infrastructure such as urban rail solutions. Traditionally, the benefits of an urban rail line are calculated on the basis of user benefits such as savings in travel time, vehicle operating costs, accident costs and environmental costs, and more recently wider economic benefits. An alternative approach that is sometimes used is to consider the appreciation of property prices along a rail corridor, and the intensification of land development surrounding a rail station.

Keywords: Land enhancement benefits; Land intensification benefits; Wider economic benefits; Hedonic regression; Accessibility (search for similar items in EconPapers)
JEL-codes: C3 R3 R4 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1016/j.retrec.2018.04.009

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