Public-private partnerships and land value capture: A convergent framework to improve the procurement of urban rail transit infrastructure

Abstract

The use of Public-Private Partnership (PPP) and Land Value Capture (LVC) as a procurement model to deliver Urban Rail Transit (URT) systems and networks has received mixed reviews. This paper addresses the following research question: How can the public sector effectively realise the benefits of integrating PPP with LVC when procuring URTs? We use a structured-case method to build, test, and revise a series of conceptual frameworks from the experiences of cities (i.e., Guangzhou, Guiyang, and Wuhan). The contributions of this research are threefold as it: (1) provides a state-of-the-art examination of PPP and LVC practice; (2) develops a convergent framework that takes into consideration the context and sub-contexts of PPP and LVC used to procure URTs; and (3) presents the public sector with a frame of reference that can be drawn upon to realise the benefits of integrating PPPs with LVC.

Keywords

• China
• Finance
• Procurement
• Structured case study
• Urban rail transit