Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment? Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets.

lgli/_352172.c8ee8a6cba720fa5f53b0541036872b6.pdf

lgrsnf/_352172.c8ee8a6cba720fa5f53b0541036872b6.pdf

zlib/Society, Politics & Philosophy/Social Sciences/George E. Peterson/Unlocking Land Values for Urban Infrastructure Finance (Trends and Policy Options (Ppiaf))_1070720.pdf

Unlocking Land Values To Finance Urban Infrastructure (trends And Policy Options (ppiaf))

Unlocking Land Values to Finance Urban Infrastructure. Trends and Policy Options, No. 7

George E Peterson; Banque mondiale.; Public-Private Infrastructure Advisory Facility

George E Peterson; World Bank.; Public-Private Infrastructure Advisory Facility

World Bank : Public-Private Infrastructure Advisory Facility

World Bank; Public-private infrastructure advisory faculty

World Bank Group

The World Bank

Trends and policy options -- no. 7, Washington, DC, District of Columbia, 2008

Online access: World Bank World Bank Open Knowledge Repository, 2008

Trends and policy options -- No 7, Washington, United States, 2009

PPIAF trends and policy options, no. 7, Washington, DC, ©2009

PPIAF trends and policy options, 1st ed, Washington, DC, 2009

PPIAF trends and policy options, Washington, DC, c2009

Independent Publishers Group, Washington, DC, 2009

United States, United States of America

до 2011-08

lg631569

{"isbns":["0821377094","0821377108","9780821377093","9780821377109"],"last_page":150,"publisher":"The World Bank"}

Includes bibliographical references and index.

РГБ

Russian State Library [rgb] MARC:
=001 004136567
=005 20081227120408.0
=008 080822s2009\\\\xxu\\\\\\b\\\\001\0\eng\\
=017 \\ $a И13937-08
=020 \\ $a 9780821377093
=040 \\ $a DLC $c DLC $d DLC
=041 0\ $a eng
=044 \\ $a xxu
=084 \\ $a У544.10-51,0 $2 rubbk
=100 1\ $a Peterson, George E.
=245 00 $a Unlocking land values to finance urban infrastructure $c George E. Peterson.
=260 \\ $a Washington $b World Bank $b Public-private infrastructure advisory faculty $c cop. 2009 (i.e. 2008)
=300 \\ $a XVIII, 128 с. $c 23 см
=490 0\ $a Trends and policy options $v № 7
=504 \\ $a Includes bibliographical references and index.
=650 \7 $a Экономика -- Мировая экономика -- Жилищно-коммунальное хозяйство -- Городские земли $2 rubbk
=653 \\ $a городская инфраструктура - финансирование
=653 \\ $a городские земли -- управление
=852 0\ $a РГБ $b OFN $h ООН 51/156 $x 81

CONTENTS......Page 6
FOREWORD......Page 10
ACKNOWLEDGMENTS......Page 14
ABOUT THE AUTHOR......Page 16
ABBREVIATIONS......Page 18
OVERVIEW......Page 20
1. INTRODUCTION TO LAND-BASED FINANCING OF URBAN INFRASTRUCTURE......Page 36
Subject of the Book......Page 37
Land-Based Infrastructure Finance and Public-Private Partnership......Page 45
The Risks of Land-Based Financing......Page 46
Organization of the Book......Page 48
2. LINKING PRINCIPLES TO LAND-FINANCE INSTRUMENTS: DEVELOPED-COUNTRY EXPERIENCE......Page 50
Benefit Capitalization and Value Capture......Page 51
Developer Exactions and Impact Fees......Page 64
Land Asset Management and Land Sales......Page 67
Lessons for Land Asset Management......Page 69
3. LAND-BASED INFRASTRUCTURE FINANCE IN DEVELOPING COUNTRIES......Page 74
Developer Investment in Infrastructure: New Cities in Cairo, Egypt......Page 75
Betterment Levies: Bogotá and Cali, Colombia......Page 80
Value Capture via Land Sale for Major Projects: China and India......Page 83
Sale of Development Rights: São Paulo, Brazil......Page 95
Developer Exactions and Impact Fees: Santiago, Chile......Page 96
4 BALANCE SHEET ADJUSTMENTS AND LAND ASSET MANAGEMENT......Page 100
Converting Municipally Owned Land to Municipal Infrastructure......Page 101
Municipal and State Land Sales: Istanbul, Turkey......Page 103
Transnet: Sale of the Victoria and Albert Waterfront in South Africa......Page 105
Mumbai Metropolitan Regional Development Authority: Bandra-Kurla Complex in Mumbai, India......Page 109
Land Auctions at the Urban Fringe: Cairo, Egypt......Page 114
Fort Bonifacio Land Sale and Development: Metro Manila, the Philippines......Page 117
5 CONCLUSIONS, RECOMMENDATIONS, AND REFLECTIONS......Page 122
Opportunities for Public Policy......Page 125
Risks and Limitations to Land Financing......Page 129
REFERENCES......Page 132
INDEX......Page 138
BOX 2.1 New Town Land Financing in Orestad, Denmark......Page 53
BOX 2.2 Implementation of Betterment Levies in Poland and in Sydney, Australia......Page 58
BOX 2.3 Land Finance and the Reconstruction of Paris......Page 62
BOX 2.4 Impact Fee System in Phoenix, Arizona......Page 66
BOX 2.5 World Trade Center and Infrastructure Investment, Port Authority of New York and New Jersey......Page 70
BOX 3.1 Madinaty: Infrastructure Development through Public-Private Partnership in New Cairo, Egypt......Page 79
BOX 3.2 Proposed Valorización Program in Cali, Colombia......Page 84
TABLE 1 Magnitude of Land Financing in Select Projects of Developing Countries......Page 22
TABLE 2 Land-Financing Instruments......Page 33
TABLE 1.1 Representative Capital Budget......Page 38
TABLE 1.2 Land-Value Gains and Infrastructure Costs in Recife, Brazil......Page 42
TABLE 2.1 Composition of Municipal Assets in Dallas, Texas......Page 68
TABLE 3.1 Share of Valorización in Municipal Revenues in Bogotá and Cali, Colombia, 1980–90......Page 81
TABLE 3.2 Urban Airport Investment in India......Page 88
TABLE 3.3 Rules for the Acquisition and Resale of Public Land in Select Asian Locations......Page 91
TABLE 4.1 Importance of Land Assets in Changsha, Hunan Province, China, 2002......Page 102
TABLE 4.2 Public Property Sales in Istanbul, Turkey, 2003–07......Page 104
TABLE 4.3 Summary of the Project to Sell Victoria and Albert Waterfront in South Africa......Page 106
TABLE 4.4 Summary of the Bandra-Kurla Complex Project in Mumbai, India......Page 111
TABLE 4.5 Land Sales by Mumbai Metropolitan Regional Development Authority at Bandra-Kurla Complex in Mumbai, India......Page 112
TABLE 4.6 Summary of the Land Auction Project in Cairo, Egypt......Page 116
TABLE 4.7 Summary of the Fort Bonifacio Land Sale and Development in Metro Manila, the Philippines......Page 118
TABLE 5.1 Magnitude of Land Financing in Select Projects of Developing Countries......Page 123
TABLE 5.2 Land-Financing Instruments......Page 127

Unlocking Land Values To Finance Urban Infrastructure Examines The Theory Underlying Different Instruments Of Land-based Finance, Such As Betterment Levies, Developer Exactions, Impact Fees, And The Exchange Of Publicly Owned Land Assets For Infrastructure. It Provides A Wealth Of Case-study Illustrations Of How Different Land-based Financing Tools Have Been Implemented, And The Lessons Learned From These Experiences. This Practical Guide Is Designed To Help Expand The Role Of Land-based Financing In Urban Capital Budgets In A Way That Strengthens Urban Infrastructure Finance And Urban Land Markets.--jacket. 1 Introduction To Land-based Financing Of Urban Infrastructure 17 -- Subject Of The Book 18 -- Land-based Infrastructure Finance And Public-private Partnership 26 -- The Risks Of Land-based Financing 27 -- 2 Linking Principles To Land-finance Instruments: Developed-country Experience 31 -- Benefit Capitalization And Value Capture 32 -- Developer Exactions And Impact Fees 45 -- Land Asset Management And Land Sales 48 -- Lessons For Land Asset Management 50 -- 3 Land-based Infrastructure Finance In Developing Countries 55 -- Developer Investment In Infrastructure: New Cities In Cairo, Egypt 56 -- Betterment Levies: Bogota And Cali, Colombia 61 -- Value Capture Via Land Sale For Major Projects: China And India 64 -- Sale Of Development Rights: Sao Paulo, Brazil 76 -- Developer Exactions And Impact Fees: Santiago, Chile 77 -- 4 Balance Sheet Adjustments And Land Asset Management 81 -- Converting Municipally Owned Land To Municipal Infrastructure 82 -- Municipal And State Land Sales: Istanbul, Turkey 84 -- Transnet: Sale Of The Victoria And Albert Waterfront In South Africa 86 -- Mumbai Metropolitan Regional Development Authority: Bandra-kurla Complex In Mumbai, India 90 -- Land Auctions At The Urban Fringe: Cairo, Egypt 95 -- Fort Bonifacio Land Sale And Development: Metro Manila, The Philippines 98 -- 5 Conclusions, Recommendations, And Reflections 103 -- Opportunities For Public Policy 106 -- Risks And Limitations To Land Financing 110 -- 2.1 New Town Land Financing In Orestad, Denmark 34 -- 2.2 Implementation Of Betterment Levies In Poland And In Sydney, Australia 39 -- 2.3 Land Finance And The Reconstruction Of Paris 43 -- 2.4 Impact Fee System In Phoenix, Arizona 47. George E. Peterson. Helping To Eliminate Poverty Through Private Involvement In Infrastructure. Includes Bibliographical References (p. 113-117) And Index.

"Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets."--Résumé de l'éditeur

2011-08-31