Impact of bus rapid transit on housing price and accessibility changes in Sydney: A repeat sales approach

ABSTRACT

New public transport infrastructure is expected to improve accessibility for local residents, and thus contribute to increased land value. The contribution that a bus rapid transit (BRT) system can make to increased land value is less certain than for rail-based systems, with the literature mostly containing bus-based examples from developing countries with extensive BRT networks. This article considers a BRT system named the Liverpool–Parramatta Transitway (LPT) that was implemented in southwestern Sydney in 2003 to improve public transport accessibility in the local area. A repeat sales model is constructed to investigate the impact of the LPT on residential housing prices and accessibility changes using repeat sales data from before and after the opening of the LPT. This identified little price difference between properties close to LPT stations and outside of the area that could be considered as affected by the LPT service coverage. This outcome is at variance with the theoretical underpinning of land value uplift and other empirical evidence relating to the LPT. Hedonic models using the same repeat sales data investigate the study area in more detail, stratifying the sample by housing type and by comparing separate before and after models. These research outcomes identify the extent to which the BRT system has an impact on local housing prices through accessibility improvements to the study area and provide a deeper understanding as to how the quantification of land value uplift from BRT represents one element of the wider economic benefits of a BRT system.     

一体化发展策略下的轨道交通枢纽建设

轨道交通的枢纽建设在实现城市交通发展一体化中起着至关重要的作用。在总结上海轨道交通多个枢纽建设和运营经验的基础上，提出在一体化发展策略下建设轨道交通枢纽的创新理念，包括“由多线集中换乘到分散换乘”的网络规划理念、由“零距离换乘”到“以时间换空间”的运营安全理念、注重客流组织“单循环”流线的换乘效率理念、实现立体化交通组织的“人车分流”理念、注重细节的“以人为本”理念以及车站周边空间的一体化开发理念，最后从规划、设计、运营、服务、开发五个层面提出轨道交通枢纽建设的具体要求，为未来轨道交通枢纽的规划和建设提供参考。     

基于客流新特征的铁路综合交通枢纽商业空间设计方法探讨

综合开发已逐步成为车站枢纽发展的重要方向，枢纽建筑的设计思路与方法也应适应综合开发趋势的需要。从枢纽综合开发成功要素出发，对客流新特征和商业需求进行分析，提出枢纽建筑设计方法的改善建议。     

Spain: highs and lows of 20 years of HSR operation

This paper has been written in response to the Viewpoint contribution by the author Button (2012) entitled: “Is there any economic justification for high-speed railways in the United States?”. In this article, the Spanish HSR high-speed rail network is used as an argument against certain HSR investments. Several of the data presented by the author are misleading and some of the information given in connection with Spain is incomplete. As the Journal of Transport Geography is widely read by policymakers and the scientific community, Button’s misrepresentation could cause serious damage. We therefore set out to clarify the data used by Kenneth Button and to explore some points in greater detail, although in no case eschewing criticism of Spain. Although excessive Spanish investment in public infrastructure over the last twenty years has probably had a negative impact on the real estate bubble, investments in HSR infrastructure in Spain have specifically been accompanied by two particular facts that need to be distinguished from other countries’ experience. These facts cannot be overlooked and will be discussed in this paper. They relate firstly to the total amount of European funds used in HSR construction and secondly to the technological and scientific innovations developed in Spain linked to the HSR market.     

省军区系统对过境部队军交运输保障方法浅探

分析了过境部队军交运输保障目前存在的问题，提出省军区系统应在军交运输保障指挥体系建设、建立健全运输保障体系网络和拓宽保障渠道等方面提高对过境部队军交运输的综合保障能力。     

城市轨道交通沿线物业的网络特征

结合城市轨道交通基本特点和网络的定义及特征,归纳分析了轨道交通沿线物业的互通性、功能一体性、外部经济性和网络依赖性4个主要特征,并以重庆轨道交通线网为例进行了图示说明,为轨道交通沿线物业开发及运营模式研究提供了一定参考.     

城市公交成品油价格补助政策浅析

为消化油价调整给公交行业带来的成本负担,国家于2006年开始出台了一系列成品油价格补助政策,给予城市公交企业成品油价格补助。本文根据成品油价格补助政策产生的原因及现状,分析目前成品油价格补助政策存在的问题,并为成品油价格补助政策的有效实施提出建议。     

Book Reviews

Rail privatisation was a controversial, widely unpopular policy whose implementation was not inevitable. This article employs counterfactual history methodology to examine whether the move to rail privatisation in Britain might have failed. It places the privatisation proposals in context by examining opposition within the Conservative Party and British Rail. The paper then focuses on three key counterfactual questions, including the significance of New Labour's reversal of its commitment to renationalise rail under its ‘third way’ policy and the possible consequences had the move to privatise rail failed. Based on the historical evidence available, it concludes that the move to rail privatisation could have failed, and that performance would have been better had rail remained an integrated, nationalised industry.     

The effects of high-speed rail on air passenger transport in China

This study investigates the effects of high-speed rail (HSR) on China’s air passenger transport from the perspective of airports. The difference-in-differences approach is used with unbalanced panel data of 206 airports over the period from 2006 to 2015. Our estimation results found that the negative effects of HSR on the growth rate of China’s air passengers is both statistically and economically significant. However, these adverse effects are not catastrophic.     

城市轨道交通出行幸福价值评估研究-以长沙地铁为例

基于计划行为理论,构建城市轨道交通出行选择框架,依据长沙地铁出行SP调查数据,运用因子分析法,考量城市轨道交通出行幸福价值指数和出行幸福价值.结果发现:客观价值、主观价值、主观感觉、出行者特征和出行特征等功能因子决定地铁出行幸福价值;部分常用出行选择决定因素没有得到认同;出行幸福价值中部分客观价值与主观价值的认知存在不一致.鉴此,应在线路成网、改善交通接驳和最后一公里的方便性、增加发车频次、优化公共交通等级计费、传播城市轨道交通优势等方面提高出行幸福价值.