Quisition of Energy via Industry and Administrative Mechanism The subsequent question is how the SZMC managed to get energy in its R P model. As mentioned earlier, four types of power exist in stakeholder relations. For competent power, SZMC has accumulated knowledge in R P programs as one of the 1st (Z)-Semaxanib Protein Tyrosine Kinase/RTK transit agencies in China to trial the value capture mechanism. Before the C6 Ceramide MedChemExpress introduction in the R P model, transit funds had been mostly paid by cash, which could partially come in the public land sale about stations [29]. Having said that, land lease revenues weren’t dedicated to recoup theSustainability 2021, 13,9 ofconstruction and operational fees. There was also a significant time gap between expenditures for transit building and the collection of land lease revenues [29]. Inspired by the good results of Hong Kong, in 2013, the SZMC established the division of property improvement (known as SZMC Home, or “Shentie Zhiye” in Chinese) to manage the property business, specially for R P projects [18]. A series of subsidiary project companies were set up to be accountable for the improvement, building, operation, and management of distinctive R P projects, all of which were in the end managed by the SZMC Home (These subsidiary corporations consist of but will not be restricted to: Shenzhen Metro Qianhai International Improvement Co., Ltd. (known as “Qianhai International”), Shenzhen Langtong True Estate Improvement Co., Ltd. (referred to as “Langtong Company”), Shenzhen Metro Nordisk Shenzhen Metro Vanke Investment Improvement Co., Ltd. (abbreviated as “Shen Tie Nuode”), Shenzhen Metro Vanke Investment Development Co., Ltd. (abbreviated as “Shenzhen Vanke”); the SZMC is the only or key shareholder of all these providers.) [35]. In the case with the Huide Tower project, the collaboration together with the China Railway Group further fortified the competent power, provided CRG’s provision of technical resources in dealing with all sorts of construction difficulties in an HSR project [37]. Given the involvement of cross-municipality governments, the reputable empowerment of a regional agency was necessary to let such a single agency to lead the project. In July 2010, the Guangdong provincial government authorized its provincial railway investment organization to gather genuine estate revenues and to transfer it for the regional transit enterprise (i.e., the Guangzhou henzhen ong Kong Passenger Committed Line Co., Ltd.). This firstly legitimized the practice of higher-level government entities sharing land development added benefits with municipal governments in China, removing the cross-jurisdictional concerns that were inevitable regarding this type of R P development [13]. As for the state, the joint venture among the regional municipality (the SZMC) and the state (the CRG) did not only establish a plausible marketplace method to recoup the massive fiscal investment in the central government, but additionally added towards the authoritativeness of the SZMC in the subsequent improvement. Induced energy is essential for a thriving R P model to activate the engagement of other stakeholders in the coalition. Cervero and Murakami [28] describe the R P as “a meticulously conceived process for arranging, supervising, implementing, and managing station-area improvement and tapping into the land cost appreciation that results”. To attain the implementation, two sources of induced energy were utilized by way of the market and administrative mechanism. The initial is related together with the selection of.