Innovative finance for new rail infrastructure

Miller, Matthew and Hale, Chris (2011). Innovative finance for new rail infrastructure. In: Proceedings of the 34th Australasian Transport Research Forum 2011. Australasian Transport Research Forum 2011, Adelaide, Australia, (1-12). 28-30 September 2011.

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Name Description MIMEType Size Downloads
Author Miller, Matthew
Hale, Chris
Title of paper Innovative finance for new rail infrastructure
Conference name Australasian Transport Research Forum 2011
Conference location Adelaide, Australia
Conference dates 28-30 September 2011
Convener Peter Tisato, Lindsay Oxlad, Michael Taylor
Proceedings title Proceedings of the 34th Australasian Transport Research Forum 2011
Journal name ATRF 2011 - 34th Australasian Transport Research Forum
Place of Publication Adelaide, S.A., Australia
Publisher University of South Australia; The South Australian Department for Transport, Energy and Infrastructure
Publication Year 2011
Sub-type Fully published paper
Open Access Status
Start page 1
End page 12
Total pages 12
Collection year 2012
Language eng
Formatted Abstract/Summary
Financial Innovation is the key to unlocking the future potential of mass transit in Australia. This paper takes an initial look at the potential role of value capture and other innovative measures in underpinning transit infrastructure expansion.

Value capture is a technique for delivering some of the real estate and other positive economic impacts created by mass transit back into the funding cycle for transit itself. Practical application of value capture has traditionally rested on three basic strategic or administrative options – joint development revenues, tax increment financing, and benefit assessment districts. In the Australian context, another potential option seems to be presenting itself, via the improved application of already-levied developer infrastructure charges into transit enhancements. The revenue streams created by these various options can also potentially be leveraged against the issue of bonds for acceleration of infrastructure delivery – and this concept, particularly in the Australian context, is treated as an “innovation” in itself.

This paper reviews some of the basic prospects for value capture and financial innovation for future transit infrastructure provision within Australia - set against a benchmarking of the level of funding that innovative financial mechanisms have provided to selected transit infrastructure projects internationally in recent times.
Q-Index Code E1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Conference Paper
Collections: School of Civil Engineering Publications
Official 2012 Collection
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Created: Wed, 02 Nov 2011, 13:31:13 EST by Mr Chris Hale on behalf of School of Civil Engineering