 Urban rail investment and transit-oriented development in Beijing: Can it reach a higher potential?Jiawen Yang, Jige Quan, Bin Yan and Canfei He Transportation Research Part A: Policy and Practice, 2016, vol. 89, issue C, 140-150 Abstract: As a response to severe urban congestion, megacities in China have sped up investment in urban rail transit. How effective urban rail investment and relevant planning activities can attract development in China’s megacities has rarely been studied. Using eight years’ land transaction data in Beijing (2004–2011), this research finds that the market environment in general supports higher density development around transit stations. However, relevant land market regulations and planning practices may prevent the development outcome from reaching its market potential. City governments should adjust existing planning and policy efforts, including more transparent and open process for station location selection, a better articulated investment program that improves transit service, social service and infrastructure quality in suburbs, a shift toward transaction modes of more competition, and a development guidance that grants density bonus to projects closer to metro stations. Keywords: Urban rail; Transit-oriented development; Land market; Beijing (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:transa:v:89:y:2016:i:c:p:140-150 Ordering information: This journal article can be ordered from DOI: 10.1016/j.tra.2016.05.008 Access Statistics for this article Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose More articles in Transportation Research Part A: Policy and Practice from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.