A comparative study of the economic effects of the built and under construction metro stations on the surrounding environment

Abstract

With the development of cities, the need for transportation also increases; Public rapid transportation is one of the important criteria in urban life. Metro, as one of the modes of public transportation, in addition to affecting the urban transportation sector, can affect other different aspects of the city. The present study evaluates the effects of metro stations in Tabriz city on the value of surrounding residential lands. For this purpose, the value of residential land is evaluated as a research variable. The collection of information is library and field type. To analyze data, Pre/Post, Linear trend line analysis (LTL), and Difference in Difference techniques have been used. According to the results of the analyses carried out in the present research, it can be acknowledged that in general, the trend of land value increase in the area around the stations has been positive during different years, but the intensity of the effects of each of the stations on the area around them is different. So that the effects of the operated metro stations on the value of the surrounding lands are positive, but it is negative in the area of the stations under construction.