Assess the Negative Implication of Road Construction Project on Property Investment on: A Case Study of Trans Amadi Industrial Layout Road, Nigeria

Abstract

This study aims at assessing the negative implication of road construction project on property investment in the specified section of Trans Amadi Industrial Layout Road, Port Harcourt, Rivers State, Nigeria. The objectives of the study are to ascertain the negative effects of road construction project on property investments. Examine the negative implications of road construction project on property investment. To identify the negative impact of road construction project on property investment values and to evaluate the negative implication of road construction project on investment values. The study utilizes the case study approach with quantitative method employed by the administration of structured questionnaires purposively on the selected 80 landlords, tenants, and estate surveyors operating and living in the road under study and out of the 80 selected respondents, 60 respondents duly complicated and returned their questionnaires all of which were found useful to the study. The primary data collected were collected, analysed and presented using frequency distribution tables, percentages, means scores and relative importance index (R11). Finally, the study findings reveal from the negative effects resulted from flooding that 50.0% of the respondent agreed that road construction causes flooding in the study areas, while 41.7% agreed that it cause degrees in rental values while 8.3% did not respond. It implies that the majority of the respondents agreed that road construction causes flooding in the neighbourhood resulting to decrease in rental values of properties. However, it is found that property market is not fully efficient regarding impending road construction which road dominates the extreme occurrence. The study recommends that government should take the issue of proper road construction, maintenance, and rehabilitation as a matter of proper road priority because these processes enhance property investments and property investment values.