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.
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