losses of assets attributable directly to the project. land on the basis of replacement compensation and relocation footnote 1, which states, If physical relocation is an impact, displaced cost; and permanent improvements must result in the affected domestic law does “Where persons must be provided with assistance during to the land, equal to the value of person must have property not meet the standard of relocation and residential housing, housing sites capital and labour expended. and a livelihood returned to compensation at full and /or agricultural sites to at least equivalent them to at least equivalent replacement cost, standards as the previous site. Replacement cost Where property is on urban land, standards as before. This is compensation under domestic does not take depreciation into account. In term of compensation may not be less than not clearly stated in local law is supplemented by valuing assets. If the residual of the asset being constructing a single room low cost Proclamations. It is expected additional measures necessary taken is not economically viable, house as per the region in which it is that the regulations and to meet the replacement cost located. It also requires that the cost directives will provide more standard” of removal, transportation and clarity and clearer guidance in erection will be paid as this regard. compensation for a relocated property continuing its service as before. Valuation formula are provided in Regulation No. 135/2007
losses of assets attributable directly to the project. If physical relocation is an impact, displaced persons must be provided with assistance during relocation and residential housing, housing sites and /or agricultural sites to at least equivalent standards as the previous site. Replacement cost does not take depreciation into account. In term of valuing assets. If the residual of the asset being taken is not economically viable, land on the basis of replacement cost; and permanent improvements to the land, equal to the value of capital and labour expended. Where property is on urban land, compensation may not be less than constructing a single room low cost house as per the region in which it is located. It also requires that the cost of removal, transportation and erection will be paid as compensation for a relocated property continuing its service as before. Valuation formula are provided in Regulation No. 135/2007 compensation and relocation must result in the affected person must have property and a livelihood returned to them to at least equivalent standards as before. This is not clearly stated in local Proclamations. It is expected that the regulations and directives will provide more clarity and clearer guidance in this regard. footnote 1, which states, “Where domestic law does not meet the standard of compensation at full replacement cost, compensation under domestic law is supplemented by additional measures necessary to meet the replacement cost standard”