2 Days
Source:
زاد الاردن
Transport Minister: Adjacent land may appreciate 10-50%
The report from the Ministry of Transport in Jordan indicates that land adjacent to railway lines is expected to see a rise in value ranging from 10% to 50%, based on international experiences. It also highlights that the railway project will contribute to transforming land use, especially agricultural land, into residential and commercial areas. Additionally, it will support the development of economic centers and logistical projects, thereby boosting the country's economic growth and infrastructure. Accompanying these plans are legislative updates to ensure proper regulation of expropriation processes and government dealings with infrastructure projects, with certain railway lines being exempted from some provisions of the Property Ownership Law to ensure their efficient implementation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)