Using value capture to help deliver major land transport infrastructure: roles for the Australian Government
The purpose of this paper is to outline a range of value capture approaches, and seek feedback on how the Australian Government could use its various policy and funding levers to stimulate the use of value capture in the development and delivery of transport infrastructure. The paper sets out evidence of the relationship between transport infrastructure and the benefits that flow from it, before turning to a consideration of different mechanisms to implement value capture (including those used in other countries). More importantly, it highlights the challenges and opportunities value capture presents – and seeks feedback on some potential responses to those challenges. The responses discussed are ones which focus on collaboration and cooperation with the community, business and all levels of government.