This paper aims to analyze the policy for implementing land value capture (LVC) as an alternative funding scheme for the toll road assignment project in Indonesia. Currently, Indonesia lacks a specific policy on the implementation of the LVC mechanism. The LVC implementation policy was evaluated based on a thorough review of literature studies using the Soft System Methodology (SSM) method. The outcome recommends an action aiming to ensure the sustainability of toll road assignment projects such as, transforming Regional-Owned Enterprises in the property sector through Joint Venture between the regional government and the Toll Road Operator (TRO). This transformation would establish the TRO as the LVC agency responsible for implementing development focused LVC policies.
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Purwadita et al. (2024) studied this question.
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