Conference paper
Description

Infrastructure is fundamental to the liveability and productivity of any city and, especially post-COVID cities would face the growing significance of suburban infrastructure due to a strengthened preference for low-density living. Infrastructure requires public land and lump-sum construction costs followed by maintenance. Land-based infrastructure funding is based on three rationales. Firstly, there are manifest effects of infrastructure on land value uplift. Secondly, it follows a user-pay principle that landowners are the primary users of infrastructure required for urban life. Thirdly, tax on land generates neither behavioural biases nor shift to tenants in economic theory. This research addresses land-based infrastructure funding mechanisms in place in Victoria, Australia and Seoul, South Korea. 

 

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