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Business

Landbank clears over 19K properties for Build Build Build

Elijah Felice Rosales - The Philippine Star
Landbank clears over 19K properties for Build Build Build
Landbank yesterday said it has completed right-of-way appraisals of 19,214 properties across the country as part of 142 projects implemented by the Department of Public Works and Highways (DPWH) and Department of Transportation (DOTr) as of end-October.
STAR / File

MANILA, Philippines — The Land Bank of the Philippines has appraised more than 19,000 properties nationwide to make way for the construction of infrastructure projects under the government’s Build Build Build program.

Landbank yesterday said it has completed right-of-way appraisals of 19,214 properties across the country as part of 142 projects implemented by the Department of Public Works and Highways (DPWH) and Department of Transportation (DOTr) as of end-October.

The DPWH rolls out 127 of the projects covering 7,075 lots, while the DOTr carries out the other 15 consisting of 2,565 lots and 9,574 structures.

According to the state-run bank, it appraised the NLEX-SLEX Connector Road in Manila City, as well as the C5 Southlink Expressway in Parañaque City. Further, the bank worked on the right-of-way of the Pasig-Marikina River Channel Improvement Project Phase V in Quezon City, Marikina City and San Mateo, Rizal.

Outside Metro Manila, the Landbank appraised the Meycauayan-Camalig-Bahay Pari Road Widening in Meycauayan, Bulacan and the Tagaytay Bypass Road in Cavite. Down south, the bank assessed the Alicia-Malangas Road in Zamboanga Sibugay.

Likewise, the Landbank administered the right-of-way appraisals for the North-South Commuter Railway Extension, which traverses five clusters of Pampanga and Bulacan, a cluster of Manila City and five clusters of Laguna.

The bank also appraised properties to be hit by the construction of the Metro Manila Subway Project in parts of Quezon City and Valenzuela City.

At present, it is concluding the right-of-way appraisals for 68 DPWH projects covering 2,513 lots and four DOTr projects consisting of 999 lots and 2,989 structures.

Landbank president and CEO Cecilia Borromeo committed to sustain efforts to appraise lots and structures for the completion of public works implemented by the government.

“Landbank fully supports the national government’s Build Build Build program by fast-tracking right-of-way acquisitions. We will continue to contribute to the country’s infrastructure agenda to drive our ongoing economic recovery, geared toward attracting foreign investments and creating more jobs,” she said.

LAND BANK
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