Bogotá is advancing an ambitious agenda to modernize and diversify infrastructure financing mechanisms; aiming to align these tools with the city's territorial development and climate action goals. A key pillar of this agenda is the exploration of Tax Increment Financing (TIF); to channel future incremental property tax revenues generated by public infrastructure investment toward project financing. This mechanism is particularly relevant in Bogotá’s context; where the city is intended to plan urban regeneration while undertaking major transit infrastructure projects—such as the construction and future operation of the PLMB. This discussion takes on added importance given the World Bank’s ongoing loan support for the construction of this line. The integration of LVC instruments such as TIF into the city’s financial planning reflects a forward-looking approach to funding not only the infrastructure itself but also the complementary systems and services required to ensure successful metro operations and urban transformation. The World Bank has been a longstanding partner in supporting Colombia's cities in assessing TIF. Pilot studies were conducted in Medellín and Barranquilla under the “Using Land Value Capture to Finance Urban Redevelopment” initiative; which provided foundational methodology and lessons for structuring TIF in Colombia. These early efforts contributed to the inclusion of two key regulatory developments in Ley 1955 de 2019 (Plan Nacional de Desarrollo 2018–2022): *Article 97 that includes LVC; TIF included; as transit funding mechanisms; and *Article 278 which first introduced the possibility of securitizing future tax revenues for public infrastructure projects. Subsequently; Decreto 1382 of 2020 provided a national legal framework for the implementation of TIF mechanisms in Colombia More recently; in 2023; the World Bank supported Empresa Metro de Bogota (EMB) with a consultancy analyzing the spatial impacts of PLMB and 2LMB; focusing on land use change; real estate market dynamics; and urban design potential around both underground and elevated stations. Together; these efforts reflect a growing recognition that transit infrastructure and LVC instruments must be jointly analyzed to unlock their full urban transformation potential. At the district level; the Plan de Desarrollo Distrital de Bogotá 2024–2027 (“Bogotá Camina Segura”; Acuerdo 927 de 2024; Artículo 198) explicitly authorizes and provides legal grounds about the use of future property tax revenue securitization for strategic infrastructure projects; notably the extension of PLMB from Calle 72 up to Calle 100. Bogotá’s Secretaría de Planeación and the Secretaría de Hacienda have conducted preliminary analyses on value capture potential in the Metro’s areas of influence. A recent technical study projected property tax growth scenarios within 5; 10; and 15-minute isochrones of the PLMB and its proposed extension; including potential revenue streams under differentiated surcharge rates. These findings confirm significant land value uplift potential yet underscore the need for a comprehensive feasibility study to determine the instrument’s practical viability and limitations within the national and local regulation and financial constraints. Furthermore; the city’s Plan de Ordenamiento Territorial (POT) “Bogotá Reverdece 2022-2025" promotes the use of innovative financial instruments and mechanisms for capturing land value uplift. For instance; in the section on urban transformations; the POT highlights: “… introducing financial instruments; beyond traditional sources of funding; that enable the capture and channeling of part of the increase in land value generated by public investments.” ) This recommendation provides a broader strategic framework supportive of value capture mechanisms; including TIF; to finance sustainable urban infrastructure and TOD. This study aims to build upon this preliminary work and provide the technical; financial; institutional; and strategic analysis necessary to decide whether and how to implement a TIF scheme. Importantly; the study will also evaluate alternative value capture instruments in the case TIF is found unfeasible; ensuring robust and evidence-based decision-making aligned with Bogotá’s long-term urban and fiscal sustainability goals. Therefore; the World Bank is seeking a consulting firm to carry out a comprehensive pre-feasibility study on the implementation of Tax Increment Financing (TIF) and other land value capture (LVC) instruments in the influence area of PLMB to finance its extension. The study includes a detailed institutional assessment; fiscal and financial scenario modeling; and strategic recommendations that will evaluate and comparatively assess the feasibility and implementation of TIF alongside the full range of other LVC instruments and tools established in the city’s Land Use Plan (POT); including development rights charges; planning obligations; and other fiscal ince