Transit-oriented development and land value capture in China: a public–private partnership perspective
Document Type
Journal Article
Publication Date
2025
Subject Area
place - asia, place - urban, mode - rail, land use - transit oriented development, land use - planning, economics - value capture, economics - revenue
Keywords
Urban rail transit, transit-oriented development, land value capture, public–private partnership, Ningbo
Abstract
Transit-oriented development (TOD) has become a central strategy of local governments to reshape land-use planning and spatial structure. However, cooperations on effectively implementing TOD between state-owned enterprise and private sector still lack little attention. This case study of TOD in Ningbo, China, illustrates planning practice by an innovative institutional hybrid: a public–private partnership (PPP). Key findings include: 1) the PPP-driven TOD was of mutual benefit to both private developers and municipal government; 2) land value capture (LVC) provided significant municipal revenue by leveraging the synergies and exploiting the capacities for innovation; 3) four factors are essential for an equitable distribution of LVC: realistic expectations of land value appreciation, the potential for market volatility, risk management policy, and cost-benefit sharing formulas; and 4) distribution of LVC under the PPP has some deficiencies. These findings contribute to best practice in TOD planning and enhanced cooperation between PPP stakeholders.
Rights
Permission to publish the abstract has been given by Taylor&Francis, copyright remains with them.
Recommended Citation
Lin, X., Wei, K., Lin, Q., & MacLachlan, I. (2025). Transit-oriented development and land value capture in China: a public–private partnership perspective. Transportmetrica B: Transport Dynamics, 13(1), 2569408.
