Policy Brief
publication
The value of public transport: How to implement land value capture
Introduction
More than just a funding method
LVC is more than just a funding method; it is about creating a governance framework that integrates transport and land use, so that developments can be undertaken jointly for an optimised urban environment. To implement LVC, there is a need to rethink how we plan and deliver transport infrastructure and services in relation to the city. This includes reconsidering the way we value the benefits of public transport, at both the institutional and societal levels, and how we communicate these benefits to make LVC acceptable to the widest range of stakeholders, land users in particular.
This paper provides Public Transport Authorities (PTAs) with guiding principles on how to implement LVC.
LVC should be embedded in a participative process that infuses a climate of trust.
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