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Sustainability 2015, 7(7), 8091-8115; doi:10.3390/su7078091

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

Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Building 209, Bentley, Perth 6845 WA, Australia
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Academic Editor: Marc A. Rosen
Received: 9 December 2014 / Revised: 26 May 2015 / Accepted: 27 May 2015 / Published: 24 June 2015
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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. View Full-Text
Keywords: value capture; deliberative processes; participatory sustainability; urban land values; rail transit funding; stakeholder engagement value capture; deliberative processes; participatory sustainability; urban land values; rail transit funding; stakeholder engagement
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MDPI and ACS Style

Jillella, S.S.K.; Matan, A.; Newman, P. Participatory Sustainability Approach to Value Capture-Based Urban Rail Financing in India through Deliberated Stakeholder Engagement. Sustainability 2015, 7, 8091-8115.

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