Valuation for Resettlement Planning

Raphael Kieti

ERES from European Real Estate Society (ERES)

Abstract: Implementation of public projects often results in impoverishment risks including the loss of property and disruption of livelihoods of people due to compulsory land acquisition and involuntary resettlement. Land acquisition and involuntary resettlement, if not well planned, and properly managed has potential to cause a lot of hardships, pain and suffering among project affected persons. As part of planning for land acquisition, Resettlement Action Plans (RAPs) are prepared prior to land acquisition to manage the risks of resettlement. The management of resettlement risks entails ensuring that the risks are mitigated, avoided, and affected properties and livelihoods are adequately compensated through the use of appropriate valuation methodologies and procedures that conform to both the resettlement safeguard polices of projects financiers, and local and international valuation standards. The paper examines the policy framework within which valuation for Resettlement Action Plans are carried out, the basis and methods of valuation, as well as the challenges in carrying out valuations for resettlement planning of public projects funded by international organizations in Kenya and other developing countries in Africa.

Keywords: Involuntary resettlement; Land acquisition; Safeguard policies; Valuation (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
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