Impact of Transmilenio on density, land use, and land value in Bogotá

Authors

Juan Pablo Bocarejo
Ingrid Portilla
Maria Angélica Pérez

Document Type

Journal Article

Publication Date

2012

Subject Area

mode - bus rapid transit, place - south america, land use - planning, land use - transit oriented development, land use - urban density

Keywords

Land use/transport planning, Urban development, Land value

Abstract

While urban sprawl has been the general growth pattern in most developing cities worldwide, the city of Bogotá has undergone a process of densification in specific areas in the past decade. Using a differences-in-differences methodology, we have shown that the bus rapid transit (BRT) network, Transmilenio, built in this period is one of the variables that account for this higher density. Areas served by Transmilenio, especially those in the periphery that have been provided with feeder bus routes, have a higher growth than zones without access to this system. Using a similar methodology for assessing the growth of newly built areas, we have not found a clear relation between the BRT and recent evolution of residential, commercial, or work areas. However, recent scientific literature confirms an impact of the BRT on land value.

Rights

Permission to publish the abstract has been given by Elsevier, copyright remains with them.

Comments

Research in Transportation Economics Home Page:

http://www.sciencedirect.com/science/journal/07398859

Recommended Citation

Bocarejo, J.P., Portilla, I., & Pérez, M.A. (2012). Impact of Transmilenio on density, land use, and land value in Bogotá. Research in Transportation Economics, Article in Press, Corrected Proof.