The Queensland Government has stated the Cross River Rail is its highest priority infrastructure project. Since the original plans were released in 2010, the project has undergone a number of revisions and different proposed route alignments.
The current proposal is for a 10.2 kilometre rail link connecting Dutton Park to Bowen Hills, including 5.9 kilometres of tunnel under the Brisbane river and CBD, with new or redeveloped stations at Exhibition, Roma Street, Albert Street, Wolloongabba and Boggo Road. The expected cost is $5.2 billion.
The Queensland Government is scheduled to deliver a business case to the Federal Government for consideration by mid-2016, with procurement scheduled to occur mid-2016 to late 2017 and construction from early 2018 to 2023.
Slater and Gordon is a national law firm that has expertise in representing affected landowners to ensure they receive all compensation they are entitled to at law. We have already assisted hundreds of people who have had their family homes, business premises or investment properties compulsorily acquired by major projects such as the Wynnum Road upgrade, Gold Coast Light Rail, the Pacific Highway upgrade and the widening of Gympie Road for the Department of Transport’s Busways Program.
Our experience has shown that with the right advice the amount of compensation obtained is often considerably higher than first offered. It is important that those affected obtain expert advice about their entitlements. The moment your land is impacted by a compulsory acquisition process you may be able to trigger your entitlement to compensation. It is important that you know where you stand.
We know people want an understanding of their legal position before they start incurring legal costs. When your land or business interest is compulsorily acquired by a constructing authority you are entitled to have any professional expenses relating to legal, valuation and accounting services paid for by the authority. We can sit down with you and discuss your situation on a no-cost and no-obligation basis.
We know that as a business owner any land acquisition of your premises can have wide-ranging consequences, whether you are a leaseholder or own the freehold. You are faced with the difficult dilemma of relocating a business that might have been established for many years, finding a replacement site, grappling with advertising when your business may have previously been able to operate without it and fitting out new premises - among many other concerns. For you any compensation must take account not only of the value of your land, but the value of any business lost through the acquisition.
It may be very difficult and time-consuming task to locate a suitable alternative site for your business. Given that any compensation for your land must be referable to the market value as at the date of any acquisition, it is in your interests to commence looking for alternative properties as soon as the prospect of acquisition arises, because the cost of land in commercial hubs can fluctuate rapidly over short periods of time– so the closer in time to the acquisition you are able to find an alternative property, the better position you will be in. We can advise you on the best commercial strategy to adopt whether you have a leasehold or freehold.
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