Abstract：The aim of this paper focuses on understanding the multiple indirect impacts of a metro investment. Intensive interviews were also carried out to explore what discrepancies in power and interest may impede the value uplift from the transport investment in the long run. The main findings are as follows: First, rail transit played a role in facilitating developments in less developed areas. Second, this research demonstrates the synergistic effects of combining spatial urban development strategies and associated planning interventions with rail transit investment. Third, a critical question of benefit distribution associated with transit investment has been raised. Reflections are made on policies and planning interventions which might be introduced to achieve greater social equity in impacts.