Analyze development potential in affected areas adjacent to urban public transit systems. Case study in the stations of Kim Ma and Van Phuc 2 (BRT Line No.1)

Abstract

The Hanoi authority has been promoting the construction and completion of the Urban Mass Rapid Transit (UMRT) system, both BRT and urban railway. The idea of land value capture for economic development in areas around public transport systems is quite popular around the world. This is considered an effective approach to urban development planning in the big cities. The 3V framework is a holistic approach used to analyze the development potentials of the affected areas by transit stations. This method mentions 3 value groups composed of Node-value, Place-value, and Market-value which are defined under dimensions. The tools utilized to calculate these dimensions are GIS, mapping and surveying. Two stations on BRT line 1, Kim Ma and Van Phuc 2 were selected to study. The results of study showed that (1) there is a relation between spatial attributes, transport characteristics, market conditions and the development potentials; (2) having the advantages and obstacles to development in the affected areas around public transit transport. These results hopefully are the basis for further studies in other stations with the support of more credibly quantitative tools such as computer software and statistical methods.