Transport and City Competitiveness

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 additionality (or latent demand) and measurability of these benefits that need to be analysed. Llewelyn-Davies, with Professor David Banister and Professor Sir Peter Hall of the Bartlett School of Planning, University College London p31 Jan 2004