Zurich Airport News Flash No. 1 / Further milestone in the context of payments for formal expropriation
With the final judgement of December 9, 2011, the Swiss Federal Court has confirmed the methodology of how to calculate the indemnifications for reduced value of yield properties. Flughafen Zürich AG appreciates that based on this judgement the legal ground was laid in order to start the settlement of payments for formal expropriation, also for yield properties.
Flughafen Zürich AG still assumes the most likely total noise costs to be 740 million Swiss Francs. As communicated earlier, this amount includes costs for formal expropriations, costs for the sound insulation programme (« 2010 Programme ») as well as the costs for the construction of a new sound insulation hall.