Transit Oriented Development
Transit-oriented development (TOD) is a planning and design strategy that focuses on development in areas with transit to create compact, walkable, and healthier communities that offer value and a greater quality of life for residents. TOD promotes urban development that is compact, mixed-use, pedestrian and bicycle-friendly, and closely integrated with mass transit by clustering jobs, housing, services, and amenities around public transport stations.
Nippon Koei adopts a 3V Framework for TOD, which allows decision makers to better understand the linkages between connectivity, accessibility, place quality, and market potential values around a given station. This approach is applicable to large cities with extensive networks, and also smaller cities with only a few mass transit lines or a bus rapid transit system.
TOD principles cannot be applied uniformly across an entire city or transit network, since densities of jobs and people vary widely across the urban space. For guiding TOD plans, the “three values – Node value, Place value and Market potential value” (3V) of transit stations and surrounding areas are simultaneously assessed. This addresses potential imbalances and provides a common framework of assessment for urban, transport, and economic planners, thereby leading to better economic, land use, and transport integration.