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Friday, July 04, 2014

Court cancels expropriation of third Istanbul airport plots - BUSINESS

Court cancels expropriation of third Istanbul airport plots

ISTANBUL

An Istanbul court has ruled to cancel the expropriation of four plots of land within the scope of Istanbul’s planned third airport.

The decision came after the state-run property developer, the Housing Development Administration (TOKİ), failed to pay the landowners of the four plots around 16.3 million Turkish Liras. Following TOKİ's failure to pay, the landowners filed the case.

More:Court cancels expropriation of third Istanbul airport plots - BUSINESS