Fukuoka Prefecture admitted it overpaid by nearly five times the original estimate to acquire land for a road tunnel project in Akamura. An initial appraisal priced the 2,500-square-meter lot at ¥4.3 million, but after failed negotiations and revaluation including land improvements, the final purchase price in June rose to over ¥21.6 million. Officials cited urgency to proceed with the project as a factor and now plan to renegotiate after seeking expert opinions on proper valuation. Source: NHK
Photo: Fukuoka Now – this not the land nor the tunnel – only for image purpose
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