Financing land acquisition for infrastructure projects

Bhagwan Chowdhry

Finance Research Letters, 2022, vol. 47, issue PB

Abstract: Land acquisition for infrastructure projects that require a large amount of funding can be financed with an equity-like protocol. The auction protocol does not require knowledge of the reservation value of the land acquired, nor does it require determination of the post-development value of the land in the surrounding area. Competition among private players transfers the value of pecuniary externalities, manifested in land price appreciation, to the government, which it can use to partially finance the project.

Keywords: Infrastructure; Equity; Financing; Externalities; Land (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:47:y:2022:i:pb:s1544612321005869

DOI: 10.1016/j.frl.2021.102656

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