Planning and financing Infrastructure in the city through land value capture instruments. The case of Tirana – Rinas Corridor

Abstract

The demand for infrastructure in Albanian cities is growing rapidly . Hence, accessing sufficient funding in a timely manner is crucial for the development of urban infrastructure. One innovative and increasingly accepted way of funding infrastructure needs is through Land Value Capture instruments. The goal of these instruments is the optimization of development processes on the outskirts of urban areas and the establishment of effective mechanisms for capturing the resources generated by the value increase resulting from these processes (Galeano, 2000).