Alternate Funding Mechanisms for Public Transport in Perth
This Research Paper on alternative funding mechanisms for Perth has identified the following implications for the integration between land use and transport planning and, in particular, the funding of public transport for metropolitan Perth.
The paper demonstrates:
- Using a Value Capture Framework for the implementation of land value capture mechanisms in Metropolitan Perth enables economic value to be translated into financial mechanisms
- Use of an implementation and cross jurisdictional governance framework developed through the preparation of a Value Proposition for transport projects demonstrates how all the costs and benefits can be drawn into one table to illustrate the net cash flows to each tier of government
- Value capture mechanisms could be developed to enable the implementation of a strategic public transport fund for metropolitan Perth
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