Commissioned Report: Transport and City Competitiveness

p2. Improved city competitiveness is a much sought after property of most economies, however there remains little agreement either on what the term competitiveness means or on how policy intervention should try to enhance it. p31. At the micro level, there are the environmental and distributional issues as well as changes in property and land values resulting from transport investment. There seems to be no comprehensive research methodology in this area. A proposed methodology has been developed (ARW and BSP, 2002), and it is currently (2003) being tested in the Croydon Tram corridor in South London. It covers the necessary conditions for measurable additional impacts are identifiable, such as land value increases, and how to measure them. It is the additionally (or latent demand) and measurability of these benefits that need to be analysed. p34. Projected rateable values also give a good indicator of property values in both the residential and commercial markets, and a revaluation is currently being undertaken (to be completed in 2005). L Davies, Prof's D Banister, Prof Sir P Hall, Bartlett School of Planning, University College London