The changing tracks of land value capture in constrained policy contexts; A comparison of London’s Crossrail and Grand Paris Express

Mark C. Smith, Juan Carlos Cuevas, Sonia Guelton, Alex Lord and Richard J. Dunning

Land Use Policy, 2025, vol. 157, issue C

Abstract: Land value capture is often vaunted as having significant potential to fund public infrastructure, including mega transport projects like urban metro railway schemes. Yet land value capture is frequently challenging to operationalise and project promotors can be reluctant to use it to finance schemes. This article explores why and how land value capture came to be deployed in financing two major contemporary comparable urban railway developments: Grand Paris Express (France) and Crossrail (London, UK). We adopt an institutional perspective which seeks to understand how the dynamic relationships between different institutional bodies shaped the decision to use land value capture and the design of the resulting mechanisms employed by focusing on the political economy, planning regime and taxation regime of each project. We critically discuss the merits of using land value capture in funding these projects by considering why and how actors came to develop instruments that when not seen in isolation, make a meaningful contribution to the overall funding mechanisms employed.

Keywords: Land value capture; Transport infrastructure development; Policy implementation; Urban planning (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264837725001528
Full text for ScienceDirect subscribers only

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:eee:lauspo:v:157:y:2025:i:c:s0264837725001528

DOI: 10.1016/j.landusepol.2025.107618

Access Statistics for this article

Land Use Policy is currently edited by Jaap Zevenbergen

More articles in Land Use Policy from Elsevier
Bibliographic data for series maintained by Joice Jiang ().