The Urban Rail Transit Project Evaluation Model Based on the Economic Value Added Theory

Author(s):  
Huang Ying
2012 ◽  
Vol 178-181 ◽  
pp. 1866-1869
Author(s):  
Jian Liang Lv ◽  
Ying Jiang

This paper first studies the real estate prices and and its effecting factors, and point out the construction of urban rail transit effects large on its surrounding real estate prices. Then, the paper clarifies the theoretical basis of its effects, and finally analyzes mechanism that construction of rail transit can make its surrounding real estate value-added. The urban rail transit construction can improve surrounding property accessibility, the residents travel convenient, increasing the intense of land development, changing nature of land use, adjusting industrial layout, accelerating expanded urbanized areas, raising employment opportunities, promoting socio-economic prosperity and development. It provides reference for the reasonable allocation of late-stage value-added benefits, and people can get a comprehensive and systematic understanding of the impact of urban rail transit construction and its surrounding real estate prices.


2021 ◽  
Vol 14 (1) ◽  
pp. 563-582
Author(s):  
Wenbin Tang ◽  
Qingbin Cui ◽  
Feilian Zhang ◽  
Hongyan Yan

Accurate evaluation of land value-added benefit brought by urban rail transit (URT) is critical for project investment decision making and value capture strategy development. Early studies have focused on the value impact strength under the assumption of the same impact range for all stations. However, the value impact range at different stations may vary owing to different accessibilities. Therefore, the present study releases this assumption and incorporates the changed impact range into the land value-added analysis. It presents a method to determine the range of land value-added impact and sample selection using the generalized transportation cost model, then spatial econometric models are further developed to estimate the impact strength. On the basis of these models, the entire value-added benefit brought by URT is evaluated. A case study of the Changsha Metro Line 2 in China is discussed to demonstrate the procedure, model, and analysis of spatial impact. The empirical analysis shows a dumbbell-shaped impact on the land value-added benefit along the transit line with a distance-dependent pattern at each station. In addition, the land value-added benefit from Changsha Metro Line 2 reached 12.099 billion USD. Lastly, two main value-added benefit capture modes are discussed, namely, land integration development and special land tax.


2013 ◽  
Vol 361-363 ◽  
pp. 1891-1894 ◽  
Author(s):  
Turnisa Niyaz ◽  
Osman Ruzi ◽  
Faan Chen

In order to improve the objectivity of urban rail transit network evaluation and achieve the sub-file of quality level of preliminary planning, a comprehensive evaluation method for urban rail transit network was proposed based on TOPSIS, then the evaluation model of urban rail transit network was constructed. This method was applied to Xian urban rail transit network planning. The result shows that case-4 is best one among the four urban rail transit network planning of Xian and consistent with the passenger flow prediction. The evaluation model for urban rail transit network based on TOPSIS is objective, which involves few parameters, simple operation, science evaluation and provides a basis of decision for urban rail transit network planning.


2014 ◽  
Vol 505-506 ◽  
pp. 410-414
Author(s):  
Jian Xun Zhang ◽  
Bao Ming Han

The civil communication system in urban rail transit network is the one which can provide the passenger value-added service. It can meet underground needs of information service for passengers, and be the alternate means of communication for drivers, equipment maintenance personnel, the stations duty officers, and so on. When the wireless systems for rail transit comes malfunction, the civil communication system can provides smooth information channel for rail transit participants to ensure the safety of personnel and rail transit dispatching.


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