PHNOM PENH, Jan. 15 (Xinhua) -- Cambodia's Expropriation Law was approved by the Senate on Thursday with 50 votes in favor among 52 senators present, official news agency AKP reported on Friday.
The law will allow authorities to withdraw legal ownership on land and other immovable properties for public development purposes and building infrastructure to serve the national benefit.
Through the law, an expropriation institution will be formed which is composed of an expropriation committee conducted by Ministry of Economy and Finance and its sub-committees at municipal and provincial levels, Chea Cheth, chairman of financing, banking and auditing commission, was quoted as saying on the Senate floor.
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