In the early 20th Century New York City grew rapidly in population and developed area. The subway system grew rapidly to accommodate this new growth, but also as a concerted effort to decentralize the city away from lower Manhattan. This paper explores the co-development of the subway system and...

In 1863, the Metropolitan Railway of what came to be known as the London Underground successfully opened as the world’s first subway. Its high ridership spawned interest in additional links. Entrepreneurs secured funding and then proposed new lines to Parliament for approval, though only...

This article examines joint development as a value capture strategy for funding public transportation. We start from the concept of joint development, its rationale, a brief history, and the extent of its use. Joint development projects in Hong Kong, Taiwan, Tokyo, and Thailand are profiled, as...

Transportation utility fees are a financing mechanism for transportation that treats the network as a utility and bills properties in proportion to their use, rather than their value as with the property tax. This connects the costs of maintaining the infrastructure more directly to the benefits...

This special issue includes 5 articles on value capture strategies used in transportation finance.

Tokyo’s railway station areas are models of transit-oriented design. To differentiate them from transit-oriented developments (TOD), the term rail integrated community (RIC) has been created to describe these high density, safe, mixed-use, pedestrian-friendly developments around railway...

A significant portion of local transportation funding comes from the property tax. The tax is conventionally assessed on both land and buildings, but transportation increases only the value of the land. A more direct, efficient way to fund transportation projects is to tax land at a higher rate...

Szemben a globális gazdaság észak-amerikai és távol-keleti erőközpontjaival, Európa versenyképességét az 1980-as évektől már érzékelhetően rontotta a nemzeti érdekek szerint kialakított közlekedésiinfrastruktúra-hálózatok szegmentáltsága, a sokfelé bénító forgalmi...

One of the great puzzles of Sub-Saharan African economic history is that wheeled transportation was barely used prior to the colonial period. Instead, head porterage was the main method of transportation. The consensus among historians is that this was a rational adaption to the underlying...