What Happens If You Do Not Sell a Property to the State for Works Such As the Bogotá Metro?
Real Estate attorney Esteban García was interviewed for an Asuntos Legales article about the negotiations the Colombian government has to carry out related to the Bogotá metro. The national government and the Bogotá mayor's office must accelerate agreements with the owners of the houses and infrastructures through which the city metro will pass. Mr. García spoke about Law 1682 of 2013, and mentioned that this law establishes that all infrastructure and transportation projects are declared projects of public utility and social interest.
"In these cases, the Law determines that there is an established procedure to advance with the expropriation, and the constitutional requirement is that it must be carried out prior to compensation," he said.
READ: What Happens If You Do Not Sell a Property to the State for Works Such As the Bogotá Metro?