N17 CPO land values halved

Date Published: 02-Jul-2009

LANDOWNERS along a 45 mile stretch are set to be disappointed as the value of lands they will sacrifice for a new motorway has plummeted by more than half over the past two years.

It means that the lands that will be subject of compulsory purchase orders between Gort and Claremorris are now worth considerably less than the compensation packages which farmers along the M6 received.

Prices of around €20,000 was being paid for an acre of land two years ago but now the value has dropped by more than half and this will be reflected on the compensation packages paid to farmers on whose lands the new road will pass through.

This week the proposed N17/N18 Gort to Tuam road will go to tender and it is expected that compulsory purchase process will commence early next year.

Farmers will…