One of the initiatives of the Master Plan on ASEAN Connectivity 2025 is the development of sustainable urbanisation strategies in ASEAN cities. This includes the launching of a smart transportation initiative for public transportation and non-motorised transportation. These include employment creation, social and environmental impacts, and alignment with broader development strategies and resource mobilisation (OECD, 2018a). Public and private funds have roles to play in financing sustainable investments in public transportation. Public financing could benefit from the development of new sources of revenue, including land value capture tools that allow governments to collect revenue generated through the effects of improved infrastructure and services on nearby land values (OECD, 2015a).