Participatory Sustainability Approach to Value Capture-Based Urban Rail Financing in India through Deliberated Stakeholder Engagement

Satya Sai Kumar Jillella, Annie Matan and Peter Newman
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Satya Sai Kumar Jillella: Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Building 209, Bentley, Perth 6845 WA, Australia
Annie Matan: Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Building 209, Bentley, Perth 6845 WA, Australia
Peter Newman: Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Building 209, Bentley, Perth 6845 WA, Australia

Sustainability, 2015, vol. 7, issue 7, 1-25

Abstract: Increasingly, cities around the world are seeking innovative financial mechanisms to build rail transit projects. Land value capture (VC) is a financing mechanism to fund urban rail transit. Often VC mechanisms are viewed only as a financing tool applied in relation to increased land values from the administration and legislation perspectives, without actively involving the community in the process. The lack of such participation has resulted in the under collection of the true value established. The transit beneficiary community and city tax payers are especially important stakeholders in this process as their willingness to participate is really critical to the overall VC success and transport outcome. This paper introduces a participatory sustainability approach to enable a more deliberated stakeholder engagement intervention across the VC life cycle. A four-step “Participatory Strategic Value Capture (PSVC)” framework is proposed offering step-by-step guidance toward facilitating a meaningful stakeholder dialogue, deliberation, and collaboration around the stated engagement interests. The PSVC framework, applied to the proposed Bangalore sub-urban rail project in India, has demonstrated the importance of stakeholder engagement using deliberated participatory approaches from a win-win perspective.

Keywords: value capture; deliberative processes; participatory sustainability; urban land values; rail transit funding; stakeholder engagement (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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