• Title/Summary/Keyword: Bucheon Sangdong District

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A Study on Estimating the Land Developer's Share of Infrastructure Cost : Focused on the Road Facility of Residential Development (간선시설 설치비용의 합리적 분담분 추정 : 택지개발사업시 조성되는 도로시설을 중심으로)

  • Kim, Tae-Gyun;Choi, Dae-Sik
    • Land and Housing Review
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    • v.3 no.3
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    • pp.241-248
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    • 2012
  • Although infrastructure cost comprises the great proportion of residential development cost, all of it tends to be borne by land developers which develop large area. This brings about free-riding by adjacent small development or built-up area, followed by the equity problem in terms of infrastructure development cost sharing and the privatization of development gain. This study aims to establish the method to analyze free-riding on the transportation infrastructure(roads) and investigate empirically how much the free-riding occurs. It sets several development scenarios to calculate the part generated by Bucheon Sangdong district, the case area of this study, of all the traffic flow on the roads. The Network analysis is used to estimate the proportion, by development scenarios, of traffic flow, travel time, and travel cost. As a result, the developer of Bucheon Sangdong district is responsible for 83% of the construction cost of selected roads. The methodology and empirical result of this study would contribute to determine who are liable for the infrastructure facilitation and to estimate how much of the cost the obligators have to share.