Property owners given certainty, Tas

By Reporter 09 November 2012 | 1 minute read

Property owners have been given more certainty under a government acquisition, according to federal minister for infrastructure and transport, Anthony Albanese.

Owners of Tasmanian property needing to be bought by the government for the construction of BridgewaterBridgewater, TAS Bridgewater, SA Bridge have been assured of $6.4 million of funding to acquire their assets.

“While construction of the new bridge is some years away, the important work of project planning and design development needs to continue,” he said.

“Consultation with affected land-owners, stakeholders, and community has meant that this footprint has been clearly identified and we can now give these people the option to move on with certainty.

“It is understandable that affected residents do not wish to be left in limbo for several years,” said Mr Albanese.

This has been moved faster than planned, with the next Nation Building 2 submission previously planned for between July 2014 and June 2019, according to minister for infrastructure, David O’Byrne.

“I've met several property owners who want to be able to have their property acquired and move on,” Mr O'Byrne said.

“This investment offers compensation for residents who need it most, so they can get on with their lives with certainty,” he said.

RELATED TERMS

Property

Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.



Property owners given certainty, Tas
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