Indo-Japan working group on urban development identified many areas including GIS based utility mapping, disaster management, emerging technologies in water and sanitation and clean development mechanism for further cooperation in the day long session today.Back in the United States, Phoenix is seeing a market shift around its soon to be open light rail line. In fact $6 Billion dollars has been spent on development along the line and now that gas prices are higher, land has become even more expensive and coveted.
The group also agreed to explore on capacity building in urban transport, rail-based transit system, comprehensive mobility planning and management using intelligent transport systems.
Light rail is not the sole reason why projects in the transit system's vicinity have developed, real-estate analysts note. But the future system has definitely been a catalyst prompting developers to pay higher prices for property adjacent to the line for condominiums, office buildings and retail centers. Economic factors, including soaring fuel prices, have caused developers like Eugene Marchese to focus attention on transit-oriented projects.I expect to see more of these stories about the direct benefits of investing in transit as well as these on the more high profile blogs. Maybe the pols would do well by starting to pay attention.