Environment Minister to run rule over badly planned assets

THE Environment Minister will have powers to debate the value of NAMA-bound assets if sites were bought on the basis of bad planning or questionable zoning.

Under the draft legislation, the agency will also have to consult the new National Transport Authority to assess the likely impact of future infrastructure developments on property prices.

And the board members of NAMA will be required to have specialist expertise in planning, accountancy, economics, valuation or risk management.