Financing Land Acquisition for Infrastructure Projects

13 Pages Posted: 16 Jun 2020

See all articles by Bhagwan Chowdhry

Bhagwan Chowdhry

UCLA Anderson; Indian School of Business

Date Written: May 22, 2020

Abstract

Land acquisition for infratructure projects that require large amount of funding can be financed by an equity-like financing protocol. The auction protocol does not require a knowledge of the reservation value of the land acquired nor does it require a determination of post-development value of the land developed in the surrounding area of the project. Competition among private players transfers the value of pecuniary externalities, manifested in land price appreciation, to the government which it can use to partially finance the project that may also have non-pecuniary positive externalities valued by society.

Keywords: Land, Financiang, Infrastructure, Equity, Externalities, Government, Auction

JEL Classification: H13, P35, R11, R30

Suggested Citation

Chowdhry, Bhagwan, Financing Land Acquisition for Infrastructure Projects (May 22, 2020). Indian School of Business, Available at SSRN: https://ssrn.com/abstract=3607831 or http://dx.doi.org/10.2139/ssrn.3607831

Bhagwan Chowdhry (Contact Author)

UCLA Anderson ( email )

Los Angeles, CA 90095-1481
United States
310-825-5883 (Phone)
310-206-5455 (Fax)

HOME PAGE: http://bit.ly/bhagwanUCLA

Indian School of Business ( email )

Hyderabad, Gachibowli 500 032
India

HOME PAGE: http://bit.ly/bhagwanUCLA

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