TY - JOUR
T1 - Evaluation of land value capture policy in toll road assignment projects to improve investment performance
AU - Purwadita, Agia Rachmadi
AU - Kurnia, Remi Fitriadi
AU - Latief, Yusuf
N1 - Publisher Copyright:
© 2024 Malque Publishing. All rights reserved.
PY - 2024/12
Y1 - 2024/12
N2 - This paper aims to analyze the policy for implementing land value capture (LVC) as an alternative funding scheme for the toll road assignment project in Indonesia. Currently, Indonesia lacks a specific policy on the implementation of the LVC mechanism. The LVC implementation policy was evaluated based on a thorough review of literature studies using the Soft System Methodology (SSM) method. The outcome recommends an action aiming to ensure the sustainability of toll road assignment projects such as, transforming Regional-Owned Enterprises in the property sector through Joint Venture between the regional government and the Toll Road Operator (TRO). This transformation would establish the TRO as the LVC agency responsible for implementing development focused LVC policies.
AB - This paper aims to analyze the policy for implementing land value capture (LVC) as an alternative funding scheme for the toll road assignment project in Indonesia. Currently, Indonesia lacks a specific policy on the implementation of the LVC mechanism. The LVC implementation policy was evaluated based on a thorough review of literature studies using the Soft System Methodology (SSM) method. The outcome recommends an action aiming to ensure the sustainability of toll road assignment projects such as, transforming Regional-Owned Enterprises in the property sector through Joint Venture between the regional government and the Toll Road Operator (TRO). This transformation would establish the TRO as the LVC agency responsible for implementing development focused LVC policies.
KW - alternative funding mechanism
KW - infrastructure project
KW - land value capture
KW - project sustainability
KW - soft system methodology
UR - http://www.scopus.com/inward/record.url?scp=85198257763&partnerID=8YFLogxK
U2 - 10.31893/multiscience.2024301
DO - 10.31893/multiscience.2024301
M3 - Article
AN - SCOPUS:85198257763
SN - 2675-1240
VL - 6
JO - Multidisciplinary Science Journal
JF - Multidisciplinary Science Journal
IS - 12
M1 - e2024301
ER -