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Participatory Sustainability Approach to Value Capture Based Urban Rail Financing in India Through Deliberated Stakeholder Engagement
Satya Sai Kumar Jillella * , Peter Newman , Annie Matan
1  Curtin University Sustainability Policy (CUSP) Institute, Curtin University, Australia

Published: 31 October 2014 by MDPI AG in The 4th World Sustainability Forum session Social Aspects of Sustainability
10.3390/wsf-4-b002
Abstract: Increasingly cities around the world are seeking innovative financial mechanisms to build urban rail transit projects. Land value capture (VC) is a financing mechanism to fund urban rail transit. Often VC mechanisms are viewed only as a financing tool applied in relation to increased land values from the administration and legislation perspectives, without actively involving the community in the process. The lack of such participatory approaches has resulted in the under collection of the true value established. The transit beneficiary community and city tax payers are especially important stakeholders in this process as their willingness to participate is really critical to the overall VC success and transport outcome. This paper introduces a participatory sustainability approach identifying various stakeholder engagement interventions, and a set of appropriate deliberative democracy techniques across the VC life cycle. A four-step "Participatory Strategic Value Capture (PSVC)" framework is proposed offering step by step guidance toward facilitating a meaningful stakeholder dialogue, deliberation and collaboration around the stated engagement interests. The PSVC framework, applied to the proposed Bangalore sub-urban rail project in India, has demonstrated the importance of stakeholder engagement in order to enable sustainable development community goals and review VC strategies from a win-win perspective.
Keywords: Value capture; deliberative democracy; participatory sustainability; urban land values; rail transit funding; stakeholder engagement
Comments on this paper
David Lepoire
Thanks: Nice paper and slides
You have detailed a nice application of Deliberative Democracy for consideration of shared interest projects.

I'm more familiar with public feedback on environmental assessments for projects including scoping and later
comments on the analysis.
I was wondering if the groups that would possibly be harmed by the project had a voice.  For example, local 
stores and markets that might lose demand with easy access to a centralized hub.

Thanks
Dave
Satya Sai Kumar Jillella
Thanks Dave for your kind words. Yes, participatory approach could be a game changer to
the value capture based infrastructure financing. We tried bringing some new knowledge of
deliberative democracy techniques applicable in the VC context and more importantly

stakeholder engagement significance as a key to the success of VC experiments.


Thanks again for your comment. 
Satya Sai Kumar



 
 
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