Tuesday, December 29, 2009

Cambodian National Assembly approves expropriation law

PHNOM PENH, Dec. 29 (Xinhua) -- Cambodian National assembly approved on Tuesday the expropriation law which will allow authorities to expropriate the land and other immovable properties for public development purposes and building infrastructures to serve the national benefits.
"This law will have the purpose of guaranteeing to withdraw legal ownership of land and other immovable properties with providing appropriate price and justice for local people," the draft law says in Article 2.
"The appropriate price means that the government provides to the land ownership and its land price will consider accordance with the land market price, instead of the price from the government," Ouk Rabun, secretary of state for Ministry of Economy and Finance told the National Assembly.

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