Urban Infrastructure for Development
This paper discusses the importance of infrastructure investment in growing cities
Abstract
This paper discusses the importance of infrastructure investment in growing cities. It argues that, in addition to its direct benefits, infrastructure plays crucial roles in enabling density and coordinating private investment decisions. Many cities have failed to invest in sufficient infrastructure due to inadequate financing tools – in particular failure to capture benefits through land value taxation – and fragmented urban authority
This paper is a part of a Global Research Program on Spatial Development of Cities, funded by the Multi Donor Trust Fund on Sustainable Urbanization of the World Bank and supported by the UK Department for International Development
Citation
Paul Collier , Anthony J. Venables (2016) Urban Infrastructure for Development