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...

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...

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...

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 paper reports two laboratory studies designed to study the impact of public informationabout past departure rates on congestion levels and travel costs. Our experimental design isbased on a discrete version of Arnott, de Palma, and Lindsey’s (1990) bottleneck model wheresubjects have to...

The changeover from a situation of Autarky to a situation of Free-Trade alters the trade and production patterns of the participatingcountries which in turn affects the transportation-sector. The amountof transported goods and the directions of the good-flows change.Profit-oriented shipping...

El cambio climático (CC) representa uno de los desafíos globales más grandes en la actualidad. A nivel global, las emisiones de dióxido de carbono (CO2) provenientes del sector transporte representan el 25% del total. En el caso de América Latina y el Caribe (ALC), el sector genera el 40%...