Land value capture as breakthrough of financing scheme in urban railway development in Indonesia

Fery Safaria, Najid and Carunia Mulya Firdausy

International Journal of Critical Infrastructures, 2024, vol. 20, issue 1, 56-71

Abstract: This study aims at examining whether or not the LVC can be used as an alternative financing instrument in urban railway infrastructure in Indonesia. The results confirmed that the LVC can be a breakthrough scheme in financing the development of urban railway infrastructure in Indonesia. The most urgent aspect to be prepared by the government to implement the LVC scheme in financing the urban railway infrastructure is the availability of regulations. Also, the approach to developing and executing the plan of LVC needs to be based on an assessment of the cost of the benefit analysis, the land value, the market condition of the location, sustainability, and people's participation in urban railway development. Further detailed research to examine the full potential and the benefits of applying the LVC in financing urban railway infrastructure development is needed as Indonesia faces budget constraints and as we move into a post-pandemic recovery.

Keywords: land value capture; LVC; financial scheme; budget limit; urban railway infrastructures; Indonesia. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=136287 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcist:v:20:y:2024:i:1:p:56-71

Access Statistics for this article

More articles in International Journal of Critical Infrastructures from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().