Institutional Research Information Service
UCL Logo
Please report any queries concerning the funding data grouped in the sections named "Externally Awarded" or "Internally Disbursed" (shown on the profile page) to your Research Finance Administrator. Your can find your Research Finance Administrator at https://www.ucl.ac.uk/finance/research/rs-contacts.php by entering your department
Please report any queries concerning the student data shown on the profile page to:

Email: portico-services@ucl.ac.uk

Help Desk: http://www.ucl.ac.uk/ras/portico/helpdesk
Transport Infrastructure Financing Through Land Value Capture : Application to the Warsaw Underground System
The aim of the project was to assess the future impacts on land value in relation to the second metro line in the Warsaw urban area. We estimated the capitalised evaluation of the extension of line 2 in Warsaw by calculating the effect of metro access on property price in two selected districts in Warsaw: Bielany, with its existing metro line and Targówek, where the planned metro line 2 will pass. The capitalisation benefit of the metro access was analysed through hedonic price modeling. We showed that in the Bielany district houses located within a distance of 1 km of the nearest metro station have a 6.7% higher selling price than houses in the same district but farther away. Whereas in the case of Targówek, houses located within 1 km from one of the planned stations of the line 2 extension, will achieve a price that is 7.13% higher than other houses located in other parts of the same district. In both districts the presence of the transport structure has a positive impact on house price and therefore represents a potential significant return of the transport investment. We observed that the financial burden for the investment, maintenance and operation of the line 2 extension of the Warsaw metro system can find additional dedicated resources by considering the contributions of Land Value Capture (LVC) methodology; and in this process the private sector can take a leading role in financing public transport services, particularly in Poland.
1 Researchers
 More search options
Status: Complete
Topic-related Countries
University College London - Gower Street - London - WC1E 6BT Tel:+44 (0)20 7679 2000

© UCL 1999–2011

Search by