Multi Actor Multi Criteria Analysis
Edited by Cathy Macharis and Gino Baudry
Chapter 7: Evaluation of Value Capture Financing schemes for urban transportation infrastructure with the aid of Multi Actor Multi Criteria Analysis focusing on a Greek city
A family of innovative financial mechanisms and tools for urban public transport, based on the value increment caused by enhanced accessibility, is lately gaining much popularity as a solution to the challenges posed by shrinkage of public financial resources, known as Value Capture Finance (VCF). The effectiveness of applied transport financing policies depends significantly on the level of agreement among stakeholders, making collaboration a prerequisite for success. The research presented in this chapter assesses alternative financing options for urban public transportation that are based on the VCF concept, using the Multi Actor Multi Criteria Analysis (MAMCA). The proposed methodological framework is applied to a real-world case study of the metro system under construction in Thessaloniki, Greece. The chapter introduces the MAMCA as an ex ante evaluation method for different VCF mechanisms for urban transportation infrastructure. The MAMCA emerges as a robust methodology for this assessment, as it is shown to be capable of dealing with the complexity of VCF and its multidisciplinary nature.
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