‘Land for infrastructure’ in Ho Chi Minh City: land-based financing of transportation improvement |
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| Authors: | Thanh Bao Nguyen Erwin van der Krabben Clément Musil Duc Anh Le |
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| Affiliation: | 1. Department of Civil Engineering, Ho Chi Minh City Open University, Ho Chi Minh City, Vietnam;2. Department of Human Geography, Planning and the Environment, Institute for Management Research, Radboud University, Nijmegen, Netherlands;3. Research Institute for the Built Environment, University of Ulster, Belfast, Northern Ireland;4. UMR AUSser (Joint Research Unit “Architecture, Urbanism, Society: Knowledge, Education, Research”) – Paris Belleville Architecture School, Paris, France;5. Ho Chi Minh City College of Construction, Ho Chi Minh City, Vietnam |
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| Abstract: | This paper explores how land-based financing mechanisms are currently used in Ho Chi Minh City as a public-private funding strategy. The Land-for-Infrastructure (LFI) mechanism appears as a solution to produce infrastructures. We found that the implementation of the LFI mechanism remains difficult, but eventually can lead to success. By ‘trial-error-transcend,’ the City managed to build two essential roads while the developers received attractive investment opportunities in urban development. This mechanism cannot, however, be seen as a panacea for the local authorities due to constraints to replicate it and potential undesired ‘side effects.’ |
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| Keywords: | Land value capture mechanism urban transport local finance urbanization |
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