5 Conclusions and perspectives
This paper introduces the MAMCA as an ex - ante evaluation method for different VCF mechanisms for urban transportation infrastructure. MAMCA emerges as a robust methodology for this assessment and it appears to capable of dealing with the VCF complexity and multidisciplinary nature. The analysis and synthesis of the obtained results revealed very interesting observations concerning the degree of acceptability of innovative financing policies based on the value capture concept and highlighted the benefits as well as the limitations through the eyes of those who will have an impact on (or be affected by) a potential future implementation of those policies. Furthermore, noteworthy similarities but also contradictions among stakeholder groups emerged, highlighted by the different criteria used for each group.
An innovative feature of this research is that although the critical role of stakeholders in the successful introduction of a financing mechanism which is based on the VCF concept is often mentioned in the literature, to the best of our knowledge, there are not any comprehensive attempts so far to integrate them to the VCF decision making process. The approach presented herein provides valuable insight into the extremely critical and sensitive issue of transportation financing through Value Capture and it is expected to stimulate and enhance interaction between actors on policy level in Greece regarding his topic. This view is strengthened by the fact that all the stakeholders that have participated in the survey were interested to learn details about when the results of the survey are expected to be published and the great majority of them expressed their willingness to participate in a potential future consultation process regarding the introduction of VCF mechanisms in Greece. Moreover, it demonstrates that, in order to achieve the challenging task of planning sustainable cities, a broad and in depth dialogue with all involved stakeholders is needed before the introduction of new financial mechanisms for transportation infrastructure.